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The Nigerian naira gained notable ground against the United States dollar on the parallel market to close at N1,385. Street traders in Lagos and Abuja quoted the rate following a sustained increase in dollar supply across major trading hubs. This appreciation represents a significant recovery from previous lows, where the local currency faced immense speculative…
The Nigerian naira maintained a cautious equilibrium against the United States dollar on Tuesday, trading at ₦1,374 in the official market. This relative stability reflects a central bank determined to pin the currency within a narrow band, even as the broader economy chafes under dollar scarcity. While the official window saw trades fluctuate between ₦1,362…
