Nigeria, May 8 -- Reflecting a better market mood and more activity in the official FX window of the nation, the naira rose from N1,375.5/$ at the start of May to N1,357/$ inside one week. Analysts claim that the Central Bank of Nigeria's enhanced liquidity and more constrained monetary measures have contributed to lowering the local currency's stress.



The News Chronicle reports that even as more than N10 trillion is predicted to pour into the financial system this month from maturing instruments, the currency has also been bolstered by increased interest in naira-based assets like Treasury Bills and Open Market Operations.



Market experts, however, warn that increasing liquidity in advance of the 2027 election cycle can put extra...