Naira Appreciates, Dollar On Defensive As Markets Hope For Best On Middle East
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Data from the Central Bank of Nigeria showed that the naira appreciated to about ₦1,361 per dollar at the Nigerian Foreign Exchange Market (NFEM) Thursday, compared to roughly ₦1,362 traded in the previous session.
The official market also witnessed stronger turnover as trading activity increased.
Currency traders attributed the naira’s stability to ongoing CBN policies aimed at boosting liquidity and reducing volatility in the foreign exchange market.
Analysts also noted that demand from
Data from the Central Bank of Nigeria showed that the naira appreciated to about ₦1,361 per dollar at the Nigerian Foreign Exchange Market (NFEM) Thursday, compared to roughly ₦1,362 traded in the previous session.
The official market also witnessed stronger turnover as trading activity increased.
Currency traders attributed the naira’s stability to ongoing CBN policies aimed at boosting liquidity and reducing volatility in the foreign exchange market.
Analysts also noted that demand from
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