Nigerian naira which performed as the worst currency in 2016, surprised many spectators as its traded among the most performing currency last week owing to Central Bank of Nigeria intervention.

The currency last Monday slumped to worst in history to 520 per dollar at the parallel market to gain over 13 per cent and closed at 460 before weekend.

The sharp rise, analysts said it was due to the massive pump of foreign exchange by the Central Bank of Nigeria.

In this piece by Anayo Nwosu, a Banker, titled: "THE APPRECIATING NAIRA AGAINST THE DOLLAR -What My Friends In Business Should Know", he explained the basics of what is happening in the country's forex market and how to Naira keep yielding to the tune of 'Macabre Dance'.

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https://www.nigerianbulletin.com/threads/the-nigerian-naira-macabre-dance-explained.233911/