Naira strengthens as interbank FX turnover hits $60m

By BizWatch Nigeria Key Points Main Story The naira recorded a modest gain against the US dollar at the Nigerian Foreign Exchange Market (NFEM), appreciating to N1,365/US$1 on Monday from N1,374.94/US$1 recorded at the close of last week. The appreciation was driven by improved FX liquidity and increased interbank market activity, with turnover nearing $60 … Continue reading Naira strengthens as interbank FX turnover hits $60m