Twenty four hours after it depreciated, the Naira finds its way back to appreciation against the dollar at the official foreign exchange market.
The Central Bank of Nigeria(CBN) exchange rate data for Tuesday,10 December, 2024 showed that the Naira strengthened to N1,525 per dollar from N1,538.50 traded on Monday, 10 December, 2024 This represents an N13.5 gain against the dollar compared to the N1538.50 exchanged the previous day.
Meanwhile, the black Naira failed to appreciate as it closed at N1665 per dollar on Tuesday, 10 December, 2024 from N1630 traded on Monday, 9 December, 2024.
