This week, on Tuesday, the Naira celebrated its first significant appreciation against the United States dollar in the official foreign exchange market.
Data from the Central Bank of Nigeria indicated that the Naira surged to N1,447.43 per dollar, a delightful increase from N1,448.03 exchanged the previous day.
This development signifies a noteworthy gain of N0.6 against the dollar on a daily basis.
Simultaneously, in the black market, the Naira maintained a steady stance at N1,465 per dollar on Tuesday, mirroring the same rate as Monday.
In a separate context regarding the abduction of schoolgirls, Vice President Shettima has arrived in Kebbi.
Further scrutiny of Nigeria’s foreign reserves unveiled that they had ascended to an impressive $43.97 billion as of November 17th, 2025, as reported by the Central Bank of Nigeria.
In addition, the esteemed governor of the apex bank, Olayemi Cardoso, stated during an event on Tuesday that the country’s foreign reserves have surged to a remarkable seven-year high of $46.7 billion as of November 14.
