BUSINESS DAY
The Nigerian naira gained N30 in the black market by the end of the week, reflecting improved liquidity in the forex market. While the naira strengthened in the parallel market, it remained stable in the official market, signaling a balanced supply and demand dynamic.
The appreciation is attributed to increased dollar supply, easing pressure on the naira. Analysts suggest that ongoing efforts to boost forex liquidity and regulatory measures may continue to support the currency’s stability in the coming weeks.