The Naira, on Wednesday, continued to appreciate against the dollar in the official foreign exchange market, marking the third consecutive gain this week.
Data from the Central Bank of Nigeria’s exchange revealed the situation.
The apex bank’s foreign exchange data indicated that it strengthened to N1,526.15 against the dollar on Wednesday, from N1,529.57 traded on Tuesday.
This means that the Naira gained N3.42 against the dollar on a day-to-day basis.
Meanwhile, on the black market, the Naira remained flat at N1,570 on Wednesday – the same exchange rate recorded the previous day.
The Naira appreciated against the dollar on both Monday and Tuesday.
Cheeringly, the International Monetary Fund, in its latest Article IV Consultation, lauded CBN’s foreign exchange and monetary policy reforms.