Naira rebounds to N1,518/$ as banks lift ban on naira card dollar spending

From Adanna Nnamani, Abuja The naira gained ground against the dollar on Monday, closing at N1,518/$ on the official market, a level it has not seen in the last four months. The local currency’s rally signals a return of confidence to Nigeria’s foreign exchange market, coming after weeks of steady interventions by the Central Bank [...]The post Naira rebounds to N1,518/$ as banks lift ban on naira card dollar spending appeared first on The Sun Nigeria.

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