The naira appreciated slightly against the US dollar in the foreign exchange (FX) market, closing at N1,499 per dollar in the official window on Wednesday. Despite a significant 46% drop in forex inflows last week, the local currency remained relatively stable, suggesting reduced demand pressure. According to FMDQ data, the naira gained 0.16%, settling at … Continue reading Naira Strengthens To N1,499 Despite Drop In FX Supply