The Naira continued its appreciation against the US dollar on Tuesday, according to the Central Bank of Nigeria (CBN).
Data from the CBN showed that the Naira firmed to ₦1,351.02 per dollar at the official foreign exchange market, up from ₦1,354.26 the previous day—a daily gain of ₦3.24.
At the parallel market, the Naira also strengthened, trading at ₦1,450 per dollar, up from ₦1,455.
The appreciation comes as the CBN directs banks to sell a maximum of $150,000 per week to licensed Bureau De Change operators, a move aimed at managing liquidity and exchange rates.
Meanwhile, Nigeria’s external reserves remain robust, standing at $47.03 billion as of February 6, 2026, providing continued support for the local currency.
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