The Nigerian currency, the Naira, experienced a 0.16 per cent increase, rising to ₦1530.52/$ from ₦1532.93 per Dollar during the previous trading session on the Nigerian Foreign Exchange Market, as trading concluded on Wednesday.
According to data from the Central Bank of Nigeria (CBN), the naira reached a peak of ₦1545 per dollar and a low of ₦1500/$, which was below Tuesday’s figures.
In the parallel market, CardinalStone Research reported that the naira remained steady at ₦1,585.00/$, thereby increasing the disparity for speculative traders.