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The naira extended its appreciation against the dollar astatine the authoritative overseas speech marketplace connected Thursday.
Central Bank of Nigeria information showed that the naira firmed further to N1,357.65 against the dollar connected Thursday, from N1,360.58 recorded connected Wednesday.
This means that, connected a day-to-day basis, the Nigerian currency gained N2.93 against the United States currency.
Similarly, astatine the achromatic market, the naira appreciated by N5 to N1,425 per dollar connected Thursday, up from N1,430 traded the erstwhile day.
This comes arsenic the country’s overseas reserves surged further connected Wednesday to $52.19 billion, according to the apex bank’s data.
Recall that the naira ended Wednesday’s trading with a N4.31 summation against the dollar astatine the authoritative overseas speech market.