The Nigerian currency maintained its bullish momentum, reaching a four-month high against the US dollar and closing at N1,518/$ on the Nigerian Foreign Exchange Market, the country’s official exchange market.
CBN data showed the Nigerian naira settled at 1518/$ on Monday.
This is the naira’s strongest level against the greenback since March and the first time it has fallen below N1520/$ since then, indicating that the country’s currency is within range to break the psychological N1500/$ level.
