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Naira Hits ₦1,786 Against Pound Amid Improved FX Liquidity and Autonomous Inflows

Guavy AI Editorial Team
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GBP
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The British pound has fallen against the naira as improved foreign exchange liquidity and stronger autonomous inflows continue to support the Nigerian currency.

The naira's latest performance comes amid changes in Nigeria's foreign exchange market, where the Central Bank of Nigeria (CBN) is focused on improving liquidity, strengthening price discovery, and reducing distortions.

The pound traded around ₦1,786, a significant improvement for the naira compared with periods when sterling exchanged above ₦2,000.

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