The naira is caught in a tug-of-war! 🇳🇬
While the gap between official and black market rates is narrowing, the currency still faces mixed fortunes across both fronts.
👀 But here’s the twist — Nigeria’s foreign reserves are quietly climbing, now approaching a new high near $40 billion. 💰
Experts say this could be a game-changer for the economy, signaling stronger backing for the naira and more room for the CBN to step in when needed.
Is this a turning point for Nigeria’s economy or just a temporary relief? 🤔
#NairaWatch #FXMarket #NigeriaEconomy #CBN #ForexNews #FinancialUpdates #NairaToDollar #MoneyMatters #PulseDaily
