The naira recorded its archetypal appreciation against the United States dollar this week astatine the authoritative overseas speech market.
Data from the Central Bank of Nigeria (CBN) showed that the naira strengthened somewhat against the dollar connected Wednesday, trading astatine N1,332.59, compared with N1,332.97 connected Tuesday.
This means that the naira appreciated marginally by N0.38 against the dollar connected a day-to-day basis, signaling its archetypal summation of the week aft depreciating connected Monday and Tuesday.
Meanwhile, astatine the parallel market, the naira remained level astatine N1,375 per dollar connected Wednesday, the aforesaid speech complaint recorded connected Tuesday.
The mixed show crossed the authoritative and parallel overseas speech markets came arsenic the country’s outer reserves stood astatine $55.10 billion, according to CBN data.
Recall that the naira depreciated against the dollar connected Monday and Tuesday this week.
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