Loading...

Please wait while we get things ready for you

Lavamgam

The whole news day, read for you in 5 minutes.

Instagram

Product

News
Summaries
Analysis
AI Chat
Newsletter
RSS Feed

Company

About Us
Features
Pricing
Contact Us
Help Center

Legal

Privacy Policy
Terms of Service
Cookie Policy
Refund Policy
Report Content

Naira Holds Steady, Diplomatic Tensions Rise, and Security Forces Rescue Kidnapped Rector | Lavamgam

World News

Neutral

Naira Holds Steady, Diplomatic Tensions Rise, and Security Forces Rescue Kidnapped Rector

The naira ended the day at N1,552/€1 on the official market, a modest gain from last week's N1,563/€1, as the Central Bank of Nigeria's aggressive rate hikes continue to absorb excess liquidity and stabilize the foreign exchange market. The currency is finding a new footing between N1,550/€1 and N1,575/€1 after retreating from January's multi-highs near N1,684/€1.