The naira appreciated on the official market on Tuesday buying and selling on the N1,522.68 to a Greenback.
Information from the FMDQ Safety Change official foreign currency trading platform revealed that the native foreign money gained N10.95.
This represents a 0.7 per cent acquire when in comparison with the buying and selling determine on Monday when Naira closed buying and selling at N1,533.63 to a greenback.
Buying and selling on the Traders and Exporters, I&E Foreign exchange window on Tuesday recorded a excessive of N1,536.50 and a low of N1,521.50.
The naira has loved relative stability in opposition to the US greenback since December 2024 following the introduction of the Digital International Change Matching System, EFEMS by the Central Financial institution of Nigeria, CBN.
The apex financial institution adopted up the interventions with extra reforms in Jan. 2025 resulting in extra well being for the native foreign money.
Analysts in the course of the Nigerian Financial Summit Group (NESG) 2025 Financial Outlook famous that stabilised change charge will drive down inflation to spice up the nation’s GDP.
NAN
