Naira gains N13 as weekly FX turnover falls by $1.05 billion

The naira appreciated to N1,322.50 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Friday, marking a N13 gain. This appreciation occurred despite a significant decline in weekly foreign exchange turnover, which fell by $1.05 billion. The currency's strengthening suggests improved liquidity or reduced demand for dollars.

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