News Update
THE naira continued its appreciation against the US dollar at the official foreign exchange market on Thursday, according to data from the Central Bank of Nigeria (CBN).
Figures released by the apex bank showed that the local currency strengthened to N1,371.51 per dollar on Thursday, improving from the N1,376.19 recorded on Wednesday.
This indicates that the naira gained about N4.7 against the dollar on a day-to-day basis at the official market.
However, the reverse was the case at the parallel market, where the naira depreciated to N1,440 per dollar on Thursday from N1,330 traded the previous day.
The development comes as Nigeria’s external reserves continued to rise, reaching $50.03 billion as of March 11, 2026.
MESSAGE us @ https://Wa.me/+2348072633727 for business relationship, Advert, PR, Publicity, Awareness, Interviews, Feature Stories, Press Release/Statement and so on…
The latest appreciation follows a similar rally recorded on Wednesday, when the local currency also strengthened against the dollar at the official foreign exchange market.
A combined team of security operatives has rescued a kidnapped woman identified as Jemila Ibrahim…
Former Humanitarian Affairs Minister, Sadiya Umar Farouq is currently hospitalized in Egypt and unable to…
One person has been confirmed dead while two others were injured and are currently receiving…
The United States Department of Justice has filed a civil complaint seeking to revoke the…
The Court of Appeal sitting in Port Harcourt has delivered a landmark judgment in favour…
Gunshots on Monday rocked some wards in the Ondo Central Senatorial District in Ondo State…