Naira gains against US Dollar
The naira has gained against the US Dollar on Wednesday despite the country’s soaring inflation rate.
According to data from FMDQ, the naira firmed against the Dollar to N818/$1 on Wednesday compared to N850.22/$1 exchanged on Tuesday.
The figure represents a N31.23 gain compared to the exchange rate on the previous day.
Meanwhile, at a parallel market, the country’s currency maintained relative stability as it traded at N1120 against the Dollar on Wednesday, the same rate quoted the previous day.
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