Naira Holds Steady as Geopolitical Tensions Simmer
The naira remained largely unchanged on Thursday, trading at 1,379.50 against the dollar. Data from the Nigerian Foreign Exchange Market show the currency opened at 1,378.98 before hitting an intraday peak of 1,380.00. This stability persists despite a volatile global backdrop that threatens to upend emerging market currencies. Local trading activity stayed moderate as dealers…