Naira Bounces Back with Biggest Weekly Gain to ₦1,365 per Dollar

The naira opened the week on a strong note at the official FX window, trading at ₦1,365.24 per dollar. That represents a ₦9.69 gain on last Thursday’s rate. Data from the Central Bank of Nigeria shows a 0.7% week-on-week improvement. This uptick follows months of volatility as authorities work to steady the exchange rate. A firmer naira could help ease imported inflation on fuel, medicines and other essentials that rely heavily on foreign currency.

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