On Monday, the Nigerian Naira traded higher after Africa Export-Import Bank (AfreximBank) syndicated foreign currency (FCY) loans backed by oil entered the economy months after they were initially announced. The naira recovered equilibrium after crossing the red line early in the year, dropping to N1,035 at the official window, with the anticipation that the hefty … Continue reading Naira Sells Strong As Oil-Backed Loan Boosts Sentiment