Naira appreciates marginally against dollar at ₦1,370.56/$

The Nigerian Naira recorded a slight gain against the U.S. Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday.

The USD/NGN pair saw a 0.3% decline, with the local currency closing at ₦1,370.56 per dollar.

According to the latest data from the Central Bank of Nigeria (CBN), this marginal appreciation reflects the ongoing volatility within the official window as the market reacts to liquidity shifts and recent policy interventions.

This closing rate marks a subtle improvement from previous sessions, providing a brief reprieve for the local unit amidst broader economic pressures.