The naira maintained its bullish momentum at the unofficial market as it cracked below the N1600/$ resistance line, while the greenback fell in the global foreign exchange market.
The naira traded midweek at N1585-1590/$ bandwidth on the streets of Nigeria’s business capital.
The naira’s fundamentals have significantly improved as the country’s headline inflation showed signs of peaking. NBS data revealed Nigeria’s inflation rate fell to 22.97% in May.
