Nigeria’s naira exhibited relative stability against the US dollar at the Nigerian Foreign Exchange Market (NFEM) on Monday, with the Central Bank of Nigeria (CBN) quoting an official spot rate of ₦1,598.68 to the dollar. This steadiness in the exchange rate follows a week of gains largely attributed to improved dollar liquidity at the official … Continue reading Naira Holds Firm As Nigeria’s Foreign Reserves Climb Amid Reduced Dollar Demand