Naira appreciates further against U.S. dollar
The naira further appreciated on Tuesday in the official market, trading at N1,343.32 to the U.S. dollar.
Data from the Central Bank of Nigeria showed that the currency gained N6.21 against the dollar.
The latest rate represents a 0.4 per cent appreciation compared with Monday’s rate of N1,349.53 per dollar.
The appreciation underscores the naira’s recent relative stability amid ongoing reforms by the apex bank.
The CBN has sustained measures to improve foreign exchange market transparency, strengthen liquidity, and restore confidence.
The naira’s latest performance reflects continued developments in the official foreign exchange market and efforts to achieve greater exchange rate stability.
(NAN)
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