Naira Surges as FX Market Rebounds, Retirees Prepare to Protest, and Katsina's Peace Deals Fail

The official foreign exchange market came alive on Monday, with turnover on the Nigerian Foreign Exchange Market (NAFEM) surging to $1.41 billion — its highest level in five weeks. The naira gained ground, closing at ₦1,350/$, an improvement of ₦8.25 from Thursday's rate. The surge, driven partly by corporate transactions, signals renewed confidence in the official market after weeks of subdued activity.

2. Military...