Key points:
Official (NAFEM) Rate: ₦1,444.35 / USD
GTBank Rate: ₦1,454 / USD
Black-Market Rate: ₦1,465 / USD
Drivers: Removal from the FATF grey list, higher oil revenues, rising forex inflows, and reduced speculative trading.
Top Tools: AbokiFX, FMDQ Exchange, FX Monitor
The naira gained ground across all segments on Wednesday as forex inflows improved. Analysts credited Nigeria’s removal from the FATF grey list and stronger oil earnings for easing FX pressure. Market reforms and tighter...