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The naira extended its appreciation against the US dollar astatine the authoritative overseas speech marketplace connected Tuesday.
Data from the Central Bank of Nigeria showed that the naira strengthened to N1,343.32 per dollar connected Tuesday, from N1,349.54 traded connected Monday.
This means that, connected a day-to-day basis, the naira strengthened by N6.22 against the dollar.
At the parallel market, the Nigerian currency remained level astatine N1,405 per dollar connected Tuesday, the aforesaid complaint recorded the erstwhile day.
The mixed sentiments crossed the authoritative and parallel overseas speech markets came arsenic the country’s outer reserves stood astatine $52.32 cardinal arsenic of August 17, 2026.
Recall that the naira appreciated against the dollar to statesman the week connected a affirmative note.
DAILY POST reports that implicit 2 consecutive trading days, the naira gained N14.29 against the dollar astatine the authoritative market.