Naira Strengthens Officially, Weakens on Parallel Market

The Nigerian naira witnessed a contrasting performance in forex trading on Monday, with a rise noted at the official window and a decline observed in the parallel market. The positive movement at the official forex window came after reassurances from the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, regarding efforts to address currency volatility. … Continue reading Naira Strengthens Officially, Weakens on Parallel Market