… analysts differ on renewed FX pressure
The naira strengthened slightly across foreign exchange (FX) markets on Monday following the resumption of international usage of Naira-denominated cards by Nigerian banks, a move seen as a signal of improved FX liquidity.
At the Nigerian Foreign Exchange Market (NFEM), the naira appreciated by N0.23 to close at N1,528.33 per dollar, compared to N1,528.56 quoted on Friday, according to data published by the Central Bank of Nigeria (CBN).