British Pound loses ground against Naira, tightens grip on US Dollar

AI Summary

The Nigerian naira has strengthened against the British Pound in both the official Nigerian Foreign Exchange Market and the parallel market following sustained market interventions. This change also saw the Pound tightening its grip on the US Dollar within Nigeria's Forex markets.

The Nigerian naira gained against the British Pound both on the official Nigerian Foreign Exchange Market (NFEM) and the parallel market against the backdrop of a sustained intervention. The post British Pound loses ground against Naira, tightens grip on US Dollar appeared first on Nairametrics.