Naira Holds Firm As Investors Unwind Dollar Positions

The naira maintained its upward momentum on Monday, strengthening by 0.29% to close at ₦1,476.35 per dollar at the official foreign exchange market. The local currency’s rally was supported by subdued dollar demand alongside inflows from oil companies and exporters, boosting overall FX liquidity. Market intelligence gathered by MarketForces Africa indicated that some investors holding … Continue reading Naira Holds Firm As Investors Unwind Dollar Positions