As Naira gains in forex markets, inflationary pressures persist

As Naira appreciated further against the United States dollar across both the authorised and unauthorised foreign exchange markets on Monday, inflationary pressures persisted across the country.

According to market data published on the FMDQ website, naira closed Monday at N1,136.04/$1 against N1,142.38 recorded in the previous market session last Friday.

Monday’s gain represents a 0.6 per cent appreciation from N1,142.38 posted last Friday.

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