Naira Hits Two-Year High as Reserves Soar Past $54B, Dangote Sets Record IPO Date, and Nigeria Rejects Niger Coup Link

The naira settled at N1,322/$ in the official foreign exchange market today, its strongest level in two years, powered by surging dollar inflows from oil sales, diaspora remittances, and foreign portfolio investments. Formal remittance channels are now approaching the Central Bank of Nigeria's $1 billion monthly target, with recent figures hitting roughly $947 million, while daily FX market turnover frequently exceeds $130...