Nigerian Foreign Exchange Market (NFEM) window on Thursday, maintaining the relatively steady performance wey dem don record for recent trading sessions.
Currency traders attribute the stability to improved foreign exchange supply and continued reforms wey Central Bank of Nigeria introduce to stabilise the market.
The Central Bank of Nigeria don maintain say ongoing reforms for the FX market na to improve transparency, boost investor confidence, and achieve long-term stability for the naira.
Recent market data indicate say the naira don largely trade inside ₦1,370 to ₦1,390 band for the past week, wey show reduced volatility compared to earlier periods of sharp fluctuations.
Financial analysts say investors and businesses continue to monitor liquidity levels, external reserves, and monetary policy decisions, wey remain key drivers of exchange rate movements for Nigeria’s foreign exchange market.
