As FX Supply Rises, The Naira Gets A Lot Of Value Against The Dollar

As more foreign exchange (FX) was made available, the Naira rose against the dollar for the first time since last Friday. According to figures from FMDQ, the Naira rose from N1,654.09 per dollar on Wednesday to N1,601.20 per dollar on Thursday. Compared to the previous day’s exchange rate of N1,654.09, this is a big N52.89 … Continue reading As FX Supply Rises, The Naira Gets A Lot Of Value Against The Dollar