The Naira’s rebound is also attributed to stability in the foreign exchange market, and improved fiscal receipts from increased oil production and prices.
The CBN’s efforts to stabilize the foreign exchange market have helped reduce volatility and increase investor confidence.
September marked the Naira’s strongest performance since June 2024, when it closed at N1,505/$ on the official window.
In July, the Naira ended at N1,608/$ on the official market and N1,600/$ in the parallel market.
A similar trend followed in August, with the Naira closing at N1,598/$ on the official market and N1,616/$ on the parallel market...
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