Naira Soars in FX Market: How Forex Sales Are Driving Its Stunning Rally
In Nigeria’s financial ecosystem, where confidence is often tied to the availability of liquid assets, the recent strengthening of the naira has surprised many, challenging...
In Nigeria’s financial ecosystem, where confidence is often tied to the availability of liquid assets, the recent strengthening of the naira has surprised many, challenging the long-held expectation of its continual decline. A significant increase in foreign exchange sales-facilitated through official channels and intermediaries-transformed a market once plagued by scarcity, wide bid-ask spreads, and uncertainty....
