The naira extended its recent gains in the parallel market, trading below the N1,600/$ threshold amid signs of easing inflation and global weakness in the U.S. dollar. By midweek, the local currency exchanged at N1,585–N1,590 per dollar in Lagos, Nigeria’s commercial capital, continuing a bullish trend driven by improving economic indicators and higher oil prices. … Continue reading Naira Strengthens Below N1,600/$ As Dollar Loses Ground Globally