The Naira rose to N1140 on the parallel market on Thursday, November 16.
This is despite Nigeria recording its highest level of inflation in two decades.
On Wednesday, the country’s currency maintained relative stability as it traded at N1120 against the Dollar at the same rate quoted on Tuesday.
The development comes as the National Bureau of Statistics (NBS) latest Consumer Price Index data puts the October inflation rate at 27.33 per cent from 26.72 per cent in September. The latest inflation rate in Nigeria represents the highest in two decades.
Post Views: 643
