Naira Against Dollar

Nigeria’s local currency, the Naira, strongly rebounded last week, and recovered much of its value, leaving many investors skeptical that the rally will last. The value of the local currency crashed by more than 20 percent in two weeks…

The Naira on Friday firmed up against the dollar at the parallel market, gaining 20 kobos to exchange at N359 to the dollar. The Nigerian currency traded at N359.20 at the market on Thursday, while the Pound Sterling and the Euro closed…