The naira on Wednesday surged to a four-month high of N1,526.15 per dollar in the official foreign exchange (FX) market, supported by improved liquidity as foreign portfolio investors (FPIs) continue to inject dollars into the economy.
This marks the strongest level since March 14, 2025, when the naira traded at N1,517.93 at the official market.
According to data from the Central Bank of Nigeria (CBN), the naira appreciated by 0.2 percent on Wednesday, compared to N1,529.57 quoted the previous day at the Nigerian Foreign Exchange Market (NFEM).
