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The naira appreciated slightly against the United States dollar in both the official and parallel foreign exchange markets on Wednesday.
According to data released by the Central Bank of Nigeria (CBN), the naira closed at N1,348.95 per dollar at the official market, compared to N1,351.02 in the previous session.
This reflects a N2.07 gain on a day-to-day basis.
Over the last three trading sessions, the currency has strengthened by a cumulative N5.51 at the official window.
In the parallel market, the naira was quoted at N1,445 per dollar on Wednesday, compared to N1,450 on Tuesday.
The development follows a recent CBN directive permitting the sale of up to $150,000 per week to licensed Bureau De Change operators.
Nigeria’s external reserves stood at $47.38 billion as of February 9, 2026, up from $47.03 billion on February 6, based on CBN data.
