The naira posted some gains against the greenback as the dollar index moderated significantly while market players awaited America's inflation data and the U.S. Federal Reserve's interest rate decision due later in the day.
The dollar consolidated against major peers on Monday as market participants while the naira oscillated near its March 20 lows as traders await a key inflation report to assess the prospects of U.S interest rate cuts this year
Financial experts have sounded a warning to Nigerian companies seeking foreign-denominated loans to have a rethink