Naira Skyrockets in FX Market: The Forex Sales Surge Fueling Its Remarkable Rally
In Nigeria’s financial landscape, where trust often hinges on the readiness of liquid funds, the recent appreciation of the naira has taken many by surprise,...
In Nigeria’s financial landscape, where trust often hinges on the readiness of liquid funds, the recent appreciation of the naira has taken many by surprise, defying the widespread anticipation of its steady depreciation. A marked rise in foreign exchange sales-channeled through official avenues and intermediaries-has revitalized a market once characterized by scarcity, wide bid-ask spreads,...
