Naira hits N1,806/£1 as UK data weakens Pound
Nigerian naira strengthens to N1,806/£1 against British Pound, breaking below N1,900 psychological level. CBN data shows this follows UK inflation falling to 3.0% but unemployment rising to 5.2%, increasing expectations for Bank of England rate cuts. Nigerian equities rally 21% this year, attracting investment amid market reforms. President Tinubu's 2024 devaluation aimed to attract investment and liberalize forex market.
SOURCE: https://nairametrics.com/2026/02/18/naira-strengthens-against-british-pound-to-n1806-1/