Tag: #FXUpdate
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NAIRA BOUNCES BACK: OFFICIAL RATE HITS N1,401/$1
The naira gained ground on Tuesday, trading at N1,401.40 to the dollar at the official market, according to CBN data — up N4.22 from Monday. Analysts said the 0.3% rebound reflects improved demand-supply dynamics and intervention by monetary authorities, offering a brief respite after a two-week slide. A currency trader noted, “The naira showed mild…
