The naira appreciated against the dollar at the foreign exchange market amid the Central Bank of Nigeria’s interest rate hike. FMDQ data showed that the naira strengthened to N1659.44 on Tuesday from N1675.62 on Monday. This represents a N16.11 appreciation. Similarly, at the black market, the naira gained N5 to close at N1750 against the […]

Naira appreciates against dollar amid CBN interest rate hike