Naira strengthened by 7.62% to N2100 per GBP in parallel market

This surge marked a notable increase of 7.62%, with the currency strengthening by N160.00 compared to the previous day’s closing rate of N2,260.

This surge aligns with Nigeria’s heightened efforts to address the persistent depreciation of the Naira. In response to the currency’s decline, Nigeria has implemented various measures aimed at stabilizing its value.