U.S. Dollar Drop and other Factors Driving Naira’s Comeback

Embattled Nigerian currency, the naira, has made a surprising comeback in the parallel market, gaining more than 22% to bounce back from its disastrous plunge in the past weeks. The naira traded at about N680 per dollar on Friday, indicating over 25% gain compared to the N900 per dollar it recorded in the past weeks, … Continue reading U.S. Dollar Drop and other Factors Driving Naira’s Comeback