- Nigerian naira to remain stable ahead of the festive season supported by frequent interventions by the Central Bank of Nigeria.
- African currencies also expected to hold down strong ahead of next week, according to a report by Reuters.
- Nigeria operates a multiple FX regime, the naira closed at N361 per dollar at the parallel market, and N363.48/$1 at the I&E – Investors’ & Exporters’ FX Window, on Thursday.
Nigerian naira to remain stable ahead of the festive season supported by frequent interventions by the Central Bank of Nigeria (CBN), Reuters reports.