This post was originally published on this site.
The naira appreciates to N1,357.26 per dollar, marking its strongest performance in nearly a monthNigeria’s external reserves rise above $49 billion, boosting market confidence and currency stabilityContrasting trends in official and black markets indicate a gradual convergence in exchange rates
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The Nigerian naira recorded its strongest performance in nearly a month on Wednesday, June 3, 2026, appreciating to N1,357.26 per dollar in the official foreign exchange market as improved liquidity conditions and rising external reserves continued to support the local currency.
Data released by the Central Bank of Nigeria (CBN) showed that the naira gained N3.79 against the US dollar, closing at N1,357.26 at the Nigerian Foreign Exchange Market (NFEM), compared with N1,361.05 recorded on Tuesday.
Improved forex liquidity moves naira to a three-week high. Credit: NurPhoto/ContributorSource: Getty Images
The latest exchange rate marks the
