The naira appreciated against the US dollar at the Nigerian Foreign Exchange Market (NFEM) on Monday, closing at ₦1,354/US$, as increased offshore and domestic inflows boosted foreign exchange liquidity. The local currency extended its positive run despite the absence of direct FX interventions, supported by strong market participation and elevated transaction volumes at the official … Continue reading Naira Strengthens To ₦1,354 As FX Inflows Lift Market Liquidity