Nigeria, April 23 -- The Nigerian naira held firm in the parallel market, staying within the N1,600-N1,605 per dollar range, even as the U.S. dollar regained strength globally.

The recent rebound in the dollar index, which climbed to 99 after touching a three-year low of 97.8, highlighted a shift in sentiment fueled by geopolitical developments and market expectations. Meanwhile, the naira's stability continues to defy growing macroeconomic challenges.

Naira Resilience Amid Global Headwinds

Despite mounting pressure from falling oil prices, ongoing trade disputes, and concerns over Nigeria's widening trade deficit, the naira has remained relatively stable in the unofficial market over the past week. Analysts attribute this steadiness t...