Data wey Central Bank of Nigeria (CBN) release show say naira don rise reach ₦1,480.66 per $1 for official market on Friday, better pass ₦1,488.26 wey e be Thursday. That one mean say naira gain ₦7.6 in just one day.
For parallel market (wey dem dey call black market), naira sef show body — e appreciate reach ₦1,495 per $1 for Friday, from ₦1,497 on Thursday.
The strongest movement happen on Wednesday, when naira sharply climb for black market.
On top weekly level, naira gain ₦7.24 for official market and ₦27 for black market.
At the same time, Nigeria external reserves rise small — from $42.03bn last week go $42.22bn this week — na 0.45% increase.
Economy experts dey talk say naira appreciation na clear sign of market confidence and the way CBN dey press effort to stabilize forex plus grow reserves.
