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Naira strengthens as FX turnover jumps 59.2%
ECONOMY● Positive
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Naira strengthens as FX turnover jumps 59.2%
The naira has strengthened in the official foreign exchange market, with turnover increasing by 59.2%. This positive trend reflects improved liquidity and confidence in the currency.
BF
The Briefing Africa
May 6, 2026 · 21:09 · 5 min read
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The naira has strengthened in the official foreign exchange market, with turnover increasing by 59.2%. This positive trend reflects improved liquidity and confidence in the currency.
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The significant rise in FX turnover indicates a robust trading environment, which may enhance the naira's stability and attract further investment into the Nigerian economy.