Market News
Nigerian currency extends appreciation - DAILY POST
By Ogaga Ariemu
The naira further strengthened against the dollar at the official foreign exchange market on Thursday.
Data from the Central Bank of Nigeria (CBN) showed that the naira appreciated to N1,372.31 against the dollar on Thursday, up from N1,373.34 recorded previously.
This means the naira gained N1.03 against the dollar on a day-to-day basis.
Meanwhile, at the black market, the naira remained flat at N1,400 per dollar on Thursday, the same rate recorded on Wednesday.
The development comes as the country’s external reserves stood at $48.72 billion, according to the apex bank.
Recall that the naira strengthened marginally against the dollar on Wednesday.
