Naira strengthens as reserves near $51bn

Nigeria’s currency market ended February on a cautiously optimistic note, with the naira closing at N1,368/$ in the official window, marking a modest month-on-month appreciation and reinforcing growing confidence around the country’s external position. Data from the Central Bank of Nigeria (CBN) showed that the naira strengthened from an opening rate of N1,384.5/$ at the […]