Naira firms at N1,320/$ as NFEM turnover plunges to five-month low
The Nigerian Naira experienced a notable appreciation in the official foreign exchange market, firming up to N1,320 per US dollar on Monday, September 7. However, this gain was accompanied by a worrying trend: a massive contraction in market liquidity. Foreign exchange turnover in the Nigerian Foreign Exchange Market (NFEM) plunged sharply to a five-month low […]