The Naira appreciated to N1,337/$ at the official foreign exchange market on Tuesday, up from N1,344 recorded on Monday.
This is according to data from the Central Bank of Nigeria’s (CBN) website, which showed that the naira posted its strongest official closing rate since May 29, 2024, when it settled at N1,329.65/$.
The appreciation comes amid improved dollar liquidity and parallel market gains.
According to the CBN data, the naira strengthened in both the official and parallel foreign exchange markets on Tuesday, reflecting improved supply conditions and calmer investor sentiment. Data released by the Central Bank of Nigeria confirms the currency closed at N1,337/$, extending its gradual recovery trend.
The official market rate improved from N1,344 per dollar on Monday to N1,337 per dollar on Tuesday, marking the strongest official close since May 29, 2024, when the currency traded at N1,329.65/$.
In the parallel market, the naira traded at N1,382.5/$, compared to N1,393.35 per dollar a day earlier.
