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Nigerian naira gains value against the United States dollar.
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Exchange rate improves to N1,371.51 per dollar at official market.
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Central Bank of Nigeria data shows rising external reserves.
The Nigerian naira continued its appreciation against the United States dollar at the official foreign exchange market on Thursday, according to data released by the Central Bank of Nigeria (CBN).
READ ALSO: Naira Records Second Straight Week of Depreciation Against US Dollar
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Figures from the apex bank showed that the local currency strengthened to N1,371.51 per dollar on Thursday, compared to N1,376.19 recorded on Wednesday.
The development 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 recorded at the parallel market, where the naira depreciated to N1,440 per dollar on Thursday from N1,330 traded the previous day.
Meanwhile, Nigeria’s external reserves continued to rise, reaching $50.03 billion as of March 11, 2026.
The latest appreciation follows a similar improvement recorded a day earlier, when the naira also strengthened against the dollar at the official foreign exchange market.