Nigerian Naira gains as Cedi and Kwacha face pressure
Nigeria's naira is set to extend gains on strong dollar inflows while the cedi and kwacha face pressure. Kenya and Uganda's currencies should remain steady.
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Insights:
Xurve View
Nigeria's naira rose to 1,356 per dollar on the official market, leading a mixed performance across African currency markets. The naira strengthened from 1,374 a week earlier, while the Ghana cedi and Zambia kwacha both depreciated. Foreign exchange supply and central bank actions are shaping regional currency movement.
