The Nigerian naira continued its upward trend against the US dollar on Wednesday, marking its third straight day of appreciation at the official foreign exchange market.
According to data released by the Central Bank of Nigeria (CBN), the naira strengthened to N1,357.26 per dollar on Wednesday, compared to N1,361.05 recorded on Tuesday.
The latest figures indicate a day-to-day gain of N3.79 for the local currency against the dollar at the official market.
DAILY POST reports that the naira has maintained a positive performance over the last three trading sessions, gaining a total of N9.5 against the US currency during the period.
In contrast, the exchange rate at the parallel market remained unchanged on Wednesday, with the naira trading at N1,395 per dollar, the same rate recorded on Tuesday.
The sustained appreciation of the naira comes amid an increase in Nigeria’s external reserves. Data from the apex bank showed that the country’s foreign reserves rose to $49.88 billion as of June 2, 2026, from $49.80 billion recorded a day earlier.
