Naira appreciates 1,446.74/$, capital inflows hit $20.98bn

The naira recorded a stronger performance during the past week as it rose to 1,446.74/$, marking a 0.69 per cent increase over the previous week’s figure of 1,456.72/$. This strengthening of the naira followed the sharp volatility of the previous week. For most of the week, the naira traded below 1,450/$ at the official window, and at the parallel market, it eased slightly by 0.07 per cent to N1,476 per dollar.

Also, the Governor of the CBN,…