Naira Gains N13 Amid Decline in Weekly FX Turnover
The Nigerian Naira has strengthened against the US dollar, appreciating by N13 to reach N1,322.50/$ at the end of the week.
This is despite a decline in foreign exchange turnover, which fell by $1.05 billion to $2.14 billion.
The naira's weekly appreciation came as Nigeria's foreign exchange reserves crossed the $54 billion mark, reaching approximately $54.08 billion on September 3.