Naira projected to stay below N1,400/$ through the festive Season

The official Nigerian Autonomous Foreign Exchange Market (NAFEM) rate has traded comfortably around 1,350/$, supported by the rise in foreign reserves, enhanced diaspora remittances and stable crude output. Markets forecast the official rate to remain within the 1,290– 1,400/$ zone for the rest of the year. The post Naira projected to stay below N1,400/$ through the festive Season appeared first…