Data from the Central Bank of Nigeria, CBN, confirmed that the naira strengthened to N1,347.53 per greenback on Wednesday, up from N1,352.87 recorded on Tuesday.
This means the naira gained N5.34 against the greenback on a day-to-day foundation on the official international trade market.
Meanwhile, on the black market the naira appreciated by N5 to N1,380 per greenback on Wednesday, from N1,385 traded on the day prior to this.
The improvement comes because the nation’s international reserves stood at $55.26 billion on Tuesday, in keeping with information from the apex financial institution.
DAILY POST experiences that the naira has appreciated against the greenback on the official market over the previous two days.
