Naira continues to appreciate against Dollar on official market

The naira continued its upward trend against the U.S. dollar in the official foreign exchange market as at the close of work on Tuesday, 29 July.

It appreciated to ₦1,533.18 per dollar, improving from ₦1,534.21 recorded the previous day.

This marks a day-to-day gain of ₦1.03, and the second consecutive day of appreciation in the official FX window. However, the trend was different on the parallel market, where the naira weakened further to ₦1,545 per dollar, compared to ₦1,537 traded on Monday.