The naira on Monday surged to a four-month high of N1,518.88 per dollar at the official foreign exchange (FX) market, driven by improved liquidity and a moderation in demand for the greenback across FX windows. The last time the naira traded at a stronger level was on March 14, 2025, when it closed at N1,517.93 per dollar. By the close of trading on Monday, the local currency had appreciated by 0.74 percent, gaining N11.38 from Friday’s rate of N1,530.26 per dollar at the Nigerian Foreign Exchange Market (NFEM), according to…
Read MoreNaira Jumps To Four-month High Of N1,518.88/$ On Improved Liquidity
