Data from the Central Bank of Nigeria showed that the local currency gained N9.69.
At least 59 per cent of Nigerian cryptocurrency users hold USDT, while 48 per cent own USDC, according to the 2026 Stablecoin Utility Report by BVNK.
On Wednesday, the local currency closed weaker at N1,386.70, indicating a steady recovery over consecutive trading sessions.
The Lagos governor nonetheless fessed up to his role in fostering a culture of addiction to exotic Western lifestyle as the beleaguered national currency took a historic dive.
Mr Milei, a libertarian, is having a decisive first week in office.
The currency value has sunk to critical depths for those trying to access it at the parallel market, where most foreign exchange transactions are conducted in Nigeria.
The UN agency has published its FFPI which tracks the monthly international prices of cereals, vegetable oil, dairy, meat and sugar.
The report disclosed that the U.S. dollar depreciated by sixfold over the past 50 years, dropping to $0.14 in 2022.
