Nigeria’s naira is seen trading within its current range of 362 to 363 next week, supported by dollar inflows from exporters, traders said.
Thank you for reading this post, don't forget to subscribe!Last week, the naira was quoted as weak as 364 per dollar for investors after liquidity thinned out. One trader said dollar supply had improved but there was still ample demand, owing to Nigeria’s reliance on imports.
On the official market, supported by the central bank, the unit weakened slightly to 306.50.