Naira Rate Convergence Strengthens as Currency Closes Week at N1,373/$
Naira rate convergence is getting stronger, and the numbers are talking loud this week. The naira closed Friday at N1,373.25/$ in the official foreign exchange market. That is a 0.16 per cent appreciation against the dollar. Meanwhile, Nigeria’s external reserves rose by 0.57 per cent to $49.26 billion. That is real money backing the naira’s…
