The Naira appreciated against the US dollar across multiple foreign exchange platforms, including Bloomberg’s BMATCH electronic system, following the Central Bank of Nigeria’s (CBN) announcement of a surge in the nation’s net foreign exchange (FX) reserves to their highest level in three years. According to spot FX data, the local currency strengthened by N5.57, closing … Continue reading Naira Strengthens In Official Market And BMATCH As Net FX Reserves Hit Three-Year High