3 hours ago
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The naira connected Friday continued its appreciation against the US dollar astatine some the authoritative and parallel overseas speech markets, ending the week connected a affirmative note.
Data from the Central Bank of Nigeria, CBN, showed that the naira strengthened further to N1,362.09 per dollar connected Friday, up from N1,367.76 per dollar recorded the erstwhile day.
This means the Nigerian currency appreciated by N5.67 against the dollar connected a day-to-day basis.
Similarly, astatine the achromatic market, the naira strengthened by N10 to N1,410 per dollar connected Friday, up from N1,420, according to a Bureau de Change relation successful Wuse Zone 4, Abuja.
Further investigation indicated that, connected a week-on-week basis, the naira appreciated by N18.19 and N15 against the dollar astatine the authoritative and parallel overseas speech markets, respectively.
The continued appreciation of the Nigerian currency crossed the overseas speech markets comes arsenic the country’s overseas reserves stood astatine $52.02 cardinal arsenic of July 23, 2026.
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