The naira recorded its first appreciation against the United States dollar this week at the official foreign exchange market on Thursday...READ FULL; FROM THE SOURCE.
Central Bank of Nigeria data showed that the Naira gained to N1,471.02 per dollar on Thursday, up from N1,473.29 on Wednesday, when it recorded the highest dip in the week under review.
Thursday’s uptrend showed that the Naira strengthened by N2.27 against the Dollar on a day-to-day basis.
However, DAILY POST reports that despite Thursday’s gain, the Naira is yet to recover from the losses recorded in the past three days.
At the black market, the Naira remained flat at N1,500 per dollar, according to multiple Bureau de Change operators in Wuse Zone 4, Abuja, on Thursday.
The development comes as the country’s external reserves stood at $42.67 billion as of October.For More.Read Full Original
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