Nigeria’s exchange rate appreciates for third consecutive day, closes at N1,596.52/$1 on Wednesday
The naira has appreciated again to close below N1,600/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window. According to data from the FMQD, Nigeria’s exchange rate closed at N1,596.52/$1 on the official market, which is the second time it is falling below the N1,600 ceiling this month. The local currency is appreciating for the