The Nigerian naira remains steady at N1,495 per dollar on the black market, indicating marginal variation from the previous rate. Despite fluctuations in demand and supply, the currency's stability amidst global economic challenges draws attention.
The Nigerian naira held its ground at an exchange rate of N1,495 against the US dollar on the black market, showing minimal change compared to the previous day's rate of N1,490.
Despite this stability, the demand for dollars remains high amidst supply shortages, leading to fluctuations in the intraday highs and lows. While the increase in foreign currency reserves may provide some support, the naira's resilience against global economic pressures is being closely watched.