Naira records appreciation against US dollar

Business Naira records appreciation against US dollar Published on March 27, 2026 By Ogaga Ariemu googletag.cmd.push(function() { googletag.display('div-gpt-ad-1500386953281-8'); }); The Naira appreciated against the dollar at the official foreign exchange market on Thursday, barely 24 hours after the dip. The Central Bank of Nigeria’s data showed that the local currency, on Thursday, traded N1,383.88 per dollar from N1,386.71 on Wednesday. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1524595905268-5'); }); This indicates that the Naira strengthened by N2.83 against the dollar on a day-to-day basis. Meanwhile, at the black market, the Naira remained flat at N1,420 per dollar on Thursday, the same rate traded the previous day. Recall that on Wednesday, the Naira fell across official and parallel foreign exchange markets. The development followed the depletion of the country’s foreign reserves to $49.53 billion on Wednesday from $49.57 billion recorded the previous day, according to the apex bank’s data. Don't Miss Nigerian stock market sustains rally as investors gain N20bn You may like Naira reverts to depreciation against US dollar amid CBN policies rollout Naira records first appreciation against US dollar Naira records massive depreciation against Dollar after Eid-ul-Fitr holidays Nigerian Naira records first depreciation against US dollar after eight-day rally Naira records massive appreciation against US dollar ahead of Eid-ul-Fitr holidays Naira extends significant appreciation against US dollar

SOURCE: https://dailypost.ng/2026/03/27/naira-records-appreciation-against-us-dollar-2/