Naira strengthens to N1,346.90/$ as weekly FX turnover doubles to $4.5 billion in one week

The naira appreciated by 0.84% against the US dollar at the Nigerian Foreign Exchange Market (NAFEM) this week, closing at N1,346.90/$ on Friday, up from N1,358.25/$ recorded on August 14. Weekly FX turnover doubled to $4.5 billion, indicating increased market activity. The strengthening reflects improved liquidity in the foreign exchange market.

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