The Naira recorded a strong appreciation against the United States dollar over the past three days at the official foreign exchange market as trading closed for the Christmas holidays.
Data from the Central Bank of Nigeria (CBN) showed that the local currency strengthened further on Wednesday, closing at N1,443.37 per dollar, compared with N1,449.99 on Tuesday.
This indicates that the Naira has gained a total of N13.18 against the dollar since Monday this week, according to figures from the apex bank.
At the parallel market, also known as the black market, the naira exchanged at N1,490 per dollar on Wednesday. This reflects an improvement from the N1,500 rate recorded on Monday, although it remained unchanged from Tuesday’s rate.
The recent uptrend in the naira’s performance is coming amid an increase in Nigeria’s external reserves, which rose to $45.24 billion as of December 23, 2025.
DAILY POST reports that the Naira had already posted gains against the dollar at the official market on both Monday and Tuesday, continuing its positive momentum into the Christmas holiday period.
