Naira Diverges As Exchange Rate Gap Narrows To N25

The naira traded on mixed signals across Nigeria’s foreign exchange market on Tuesday as year-end import demand pushed up international payments. While the local currency remained stable at ₦1,451.82 per dollar in the official window, it strengthened to ₦1,476 in the parallel market, narrowing the gap between official and unofficial rates to ₦25. The Central … Continue reading Naira Diverges As Exchange Rate Gap Narrows To N25