According to a report by Legit.ng few hours ago, The Nigerian currency, the naira has recovered some of its losses recorded in foreign exchange markets The improvement follows an increase in dollar supply into the official market and also positive sentiments The CBN will be hoping that the improvement continues in the coming days ahead and also in the unofficial markets Read more:
The Naira has recorded a strong performance in the official market also known as the Nigerian Autonomous Foreign Exchange Market (NAFEM) Data from FMDQ securities showed that Nigerian currency value closed trading at N1,459.09/$1 in the official market on Wednesday, May 16, 2024. Read more:
The new rate represents an appreciation of 4.0% or N61.31 for the naira against the US Dollar compared with Tuesday’s rate of N1,520.40/$1. Read more:
