Naira Watch
Naira appreciates by 0.48%, trades N1,491/$ at official window
The Naira traded at N1, 491.67 to a dollar at the official window on Tuesday.
Data from the Central Bank of Nigeria (CBN) website showed that the Naira appreciated N7.31 or 0.48 percent over the N1, 498.98 to a dollar recorded on Monday.
READ ALSO: N5 separates Naira, Dollar at official, black markets
The Naira has enjoyed relative stability against the dollar since December 2024 due to sustained reforms by the CBN.
The reforms are aimed at ensuring transparency in the foreign exchange (FX) market.
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