Nigeria, June 10 -- In spite of recent months' economic stress, the Nigerian naira unexpectedly remained firm during the Eid-el-Kabir celebrations, selling below the N1,600 per dollar threshold on the parallel market.
That fleeting episode of currency calm, as quiet as the night was, enveloped the celebrations, influencing traders' and buyers' activities alike during Nigeria's most important religious celebration.
Ram sellers in Abuja's busy livestock markets had mixed sentiments. To some, the comparative stability of the naira brought a flicker of hope. Alhaji Sulaiman Musa, a cattle dealer who has been selling rams at the Dei-Dei market for over a decade, said that prices were still high but more stable than their highs earlier this yea...