Nigeria's national currency climbed to roughly N1,367 per US dollar on July 24, continuing gains for another straight day as appetite for dollars cooled. This latest upward move contrasts with warnings from analysts who say it might weaken again if fuel importers raise dollar purchases to restock supplies. In Nigeria, the central bank faces competing pressures: nearby markets saw currencies slide, while regulators relaxed rules on cryptocurrency trading. Traders now watch how fast import costs and policy shifts shape the naira's path over the coming weeks.
Sources & References
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Naira Appreciates for Seventh Consecutive Session, Trades N1,367$ | - Business Post Nigeria
Naira Appreciates for Seventh Consecutive Session, Trades N1,367$ | Business Post Nigeria
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Zulum Donates Multi-Million-Naira JAMB Zonal HQ, 500-Seat CBT Centre to Boost North-east Education - THISDAYLIVE
Zulum Donates Multi-Million-Naira JAMB Zonal HQ, 500-Seat CBT Centre to Boost North-east Education THISDAYLIVE
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A beach break in Nigeria's Lagos is becoming too expensive for many - The Washington Post
A beach break in Nigeria's Lagos is becoming too expensive for many The Washington Post
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Tinubu signs executive order as Nigeria opens up to cryptocurrency - African Business
Tinubu signs executive order as Nigeria opens up to cryptocurrency African Business
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How Apexpay is making Bitcoin-to-Naira transactions faster than ever - TechCabal
How Apexpay is making Bitcoin-to-Naira transactions faster than ever TechCabal