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Naira Strengthens: Hits 5-month peak...

Naira Strengthens: Hits 5-month peak as FX...

Naira Strengthens: Hits 5-month peak as FX market shows signs of stability

Naira Strengthens: Hits 5-month peak as FX market shows signs of stability Story by Martha Gwary   The naira continued its upward momentum this week, hitting a new five-month high on the Nigerian Foreign Exchange Market (NAFEM). The currency closed at N1,500.91 to the U.S. dollar, marking the second time this week it has broken below the N1,500/$ threshold—a significant achievement for 2025. Data from Wednesday's trading session showed the naira trading in a tighter band of between N1,498/$ and N1,507/$, reflecting its renewed resilience. This follows its previous close at N1,506/$ on...

Naira Strengthens: Hits...

Naira Strengthens: Hits 5-month peak as FX market shows signs of stability Story by Martha Gwary   The naira continued its upward momentum this week, hitting a...
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