MON JULY 28 2025-theGBJournal| The Naira bounced on Monday after mixed performance against the US Dollar last week
At the official foreign exchange market (NAFEM), naira rose 0.2% to N1,535.00/US$ from N1,538.00/US$.
In contrast, the parallel market remains stable, with the Naira closing unchanged at N1,540.00/US$1.
As a result, the official rate closed at a premium of N5.28 (or 0.34%) to the street market rate.
The FX market is projected to remain relatively stable within its current trading range, barring any unexpected global or domestic macroeconomic shocks.
Analysts also expect foreign investors to continue to seek opportunities in the fixed income market supported by an improving macro-picture.
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