Shekinat Abubakar
The naira on Monday has climbed to a five-month high of N1,497.46 at the official market, buoyed by easing demand pressure and improved foreign exchange (FX) liquidity.
The naira’s stability is expected to persist over the medium term as speculative activities continue to decline.
The last time the currency was stronger than this level was on March 4, 2025, when it traded at N1,491.67 per dollar in the Nigerian Foreign Exchange Market (NFEM).
