Tag: Naira Gains Against US Dollar Amid Rising Inflation

  The Nigerian currency, the naira, gained against the US Dollar on Wednesday despite the country’s soaring inflation rate. According to data from FMDQ, the naira firmed against the Dollar to N818/$1 on Wednesday compared to N850.22/$1 exchanged on Tuesday. The figure represents a N31.23 gain compared to the exchange rate on the previous day.…