{"id":940,"date":"2026-07-10T14:05:51","date_gmt":"2026-07-10T14:05:51","guid":{"rendered":"https:\/\/kufmtv.net\/?p=940"},"modified":"2026-07-10T14:06:02","modified_gmt":"2026-07-10T14:06:02","slug":"naira-holds-steady-against-british-pound","status":"publish","type":"post","link":"https:\/\/kufmtv.net\/index.php\/2026\/07\/10\/naira-holds-steady-against-british-pound\/","title":{"rendered":"NAIRA HOLDS STEADY AGAINST BRITISH POUND"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Still talking business, the naira remained stable against the British pound at one thousand, eight hundred and twenty-seven naira to one pound at the start of the midweek trading session, reflecting continued stability in Nigeria’s foreign exchange market.<\/p>\n\n\n\n

Market data shows the pound has been trading within a narrow range of between one thousand, eight hundred and twenty-five naira and one thousand, eight hundred and forty naira in the official Nigerian Foreign Exchange Market.<\/p>\n\n\n\n

Analysts attribute the relative stability to periodic foreign exchange interventions by the Central Bank of Nigeria, aimed at reducing volatility, clearing outstanding demand and supporting investor confidence.<\/p>\n\n\n\n

The apex bank has also maintained attractive yields on Open Market Operations bills and Nigerian Treasury Bills to encourage capital inflows and strengthen the naira.<\/p>\n\n\n\n

Despite the short-term stability, analysts say persistent food and energy inflation continue to exert pressure on the exchange rate over the longer term.<\/p>\n\n\n\n

Meanwhile, in the international market, the British pound weakened slightly against the United States dollar amid renewed geopolitical tensions in the Middle East and increased demand for the dollar as a safe-haven currency.<\/p>\n","protected":false},"excerpt":{"rendered":"

Still talking business, the naira remained stable against the British pound at one thousand, eight hundred and twenty-seven naira to 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