Market News
Nigeria Naira Gains as Currency Reserves Jump to Three-Year High - BLOOMBERG
By Emele Onu
Nigeria’s naira climbed the most against the dollar in two weeks after the central bank said net foreign-exchange reserves climbed to the highest in more than three years.
The local unit appreciated 0.6% to 1,530 as of 11.15 a.m. in Lagos Wednesday, according to spot trading on BMAT, tracked by Bloomberg, the biggest gain since March 18 and the strongest exchange rate in almost a month.
