The naira on Wednesday appreciated to a near one-month high of N1,357.26 per dollar in the official foreign exchange market as liquidity conditions improved amid rising external reserves. The last time the local currency traded around the same level was on May 6, 2026, when it closed at N1,357.34 per dollar.
Data published by the Central Bank of Nigeria (CBN) showed that the naira strengthened by N3.79, with the dollar quoted at N1,357.26 on Wednesday, compared with N1,361.05 on Tuesday at the Nigerian Foreign Exchange Market (NFEM).
Figures for total turnover and the number of deals at the NFEM window on Wednesday were not available as of the time of reporting. However, market activity on Monday and Tuesday showed that total NFEM turnover declined by 14.97 percent to $676.43 million on Tuesday from $795.55 million recorded on Monday. The number of deals also fell to 376 from 392
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