On Monday, October 14, the Naira strengthened to N1,680 per dollar in the parallel market, up from N1,690 per dollar over the weekend.
Similarly, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira appreciated to N1,552.92 per dollar, with data from FMDQ showing that the indicative exchange rate dropped from N1,641.27 per dollar last weekend, marking an impressive N88.35 gain for the currency....Read Full Article [Click Here>]
This improvement occurred despite a 44 percent decline in the volume of dollars traded in the official market, which fell to $343.71 million from $616.73 million traded the previous Friday.
