Nigeria, April 16 -- After trading at N1,358 on Monday and improving to N1,348 on Tuesday, the most recent gain maintains a favorable streak for the local currency. The consistent appreciation shows that, notwithstanding greater economic obstacles, the market has regained short-term trust.



The News Chronicle gathered that the naira's most recent run was aided by a more upbeat attitude at the official window, improved liquidity conditions, and a weaker U.S. dollar in international markets. Analysts add that the trend might also indicate subdued investor expectations after the last few bouts of volatility.



The naira has gained on a weekly basis from N1,369 noted earlier in April, showing a significant recovery from past lows. Howev...