In what can be described as a positive trend, the Naira has appreciated once more to N1000 per US dollar as trading began on Monday in the foreign exchange market,
This surge follows recent reports which indicated the Naira’s impressive performance, as Goldman Sachs ranks it as the top-performing currency for April.
Notably, the Naira gained N60 against the dollar after the Eid-el-Fitr holidays last Friday, signaling a consistent upward trend.
It would be recalled that over the past months, the Naira has steadily appreciated against the dollar, transitioning from N1,900 in February to the current N1000 range in the parallel market.
Despite this positive development, concerns persists among Nigerians regarding the impact on the prices of goods and services.
In a recent report by the National Bureau of Statistics, food inflation surged to 40.01 per cent in March 2024.
