MARKET NEWS
Confidence Builds That The Naira Has Finally Found Its Footing - BLOOMBERG
- Niferia’s currency has hovered in narrow range for past month
- Foreign cash being lured by high rates which likely to persist
A year after an eyewatering slide against the dollar, the naira is enjoying a rare run of stability and analysts expect it to last.
Nigeria’s battered currency has lost 70% against the greenback since foreign-exchange controls were relaxed in 2023, including a steep depreciation 12 months ago.
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