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The naira appreciated somewhat against the US dollar astatine the authoritative overseas speech marketplace connected Tuesday, recovering marginally aft starting the week connected a antagonistic note.
Data from the Central Bank of Nigeria, CBN showed that the naira strengthened marginally to N1,333.65 per dollar connected Tuesday, compared with N1,333.72 recorded connected Monday.
This means the naira gained N0.07 against the dollar connected a day-to-day ground astatine the authoritative overseas speech market.
Meanwhile, astatine the parallel market, popularly known arsenic the achromatic market, the naira remained unchangeable astatine N1,375 per dollar connected Tuesday, the aforesaid complaint recorded connected Monday.
This comes arsenic the country's outer reserves roseate to $55.12 billion, according to CBN information released connected Monday.
Recall that the naira depreciated against the dollar astatine some the authoritative and parallel markets connected Monday, opening the week connected a antagonistic note.
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