Naira continues appreciation against US dollar

The naira continued its appreciation against the US dollar astatine the authoritative overseas speech marketplace connected Thursday, according to information from the Central Bank of Nigeria (CBN).

Figures released by the apex slope showed that the section currency strengthened to N1,371.51 per dollar connected Thursday, improving from the N1,376.19 recorded connected Wednesday.

This indicates that the naira gained astir N4.7 against the dollar connected a day-to-day ground astatine the authoritative market.

However, the reverse was the lawsuit astatine the parallel market, wherever the naira depreciated to N1,440 per dollar connected Thursday from N1,330 traded the erstwhile day.

The improvement comes arsenic Nigeria’s outer reserves continued to rise, reaching $50.03 cardinal arsenic of March 11, 2026.

The latest appreciation follows a akin rally recorded connected Wednesday, erstwhile the section currency besides strengthened against the dollar astatine the authoritative overseas speech market.

Naira continues appreciation against US dollar