- The CBN has revealed that the value of the naira has appreciated against major currencies in the foreign exchange market
- In recent days, the Nigerian currency has shown improvement, gaining value both at the official and black markets
- There are expectations that the CBN’s new approach to tackling forex issues will further benefit the naira in the coming days
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Central Bank of Nigeria (CBN) has disclosed that the Nigerian currency, the naira, appreciated against major currencies in the official foreign exchange market.
In an updated exchange rate on its website, the CBN said the naira is improving.
Legit.ng reported the apex bank sold $876.26 million to end users through a Retail Dutch Auction System (rDAS)on August 06, 2024, to reduce …