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The Naira appreciated against the dollar massively at the official foreign exchange market on Wednesday.
The Central Bank of Nigeria’s data showed that the Naira strengthened to N1,371.82 per dollar on Wednesday, up from N1,386.66.
This means that the local currency appreciated by N14.84 against the dollar on a day-to-day basis.
On the black market, the Naira remained flat at N1404 per dollar on Wednesday, the same rate recorded on Tuesday.
This comes as the country’s foreign reserves sustained depletion at $48.94 billion on April 7th, 2026.
Recall that on Tuesday, the Naira recorded mixed sentiment at the foreign exchange markets.
Dollar to Naira exchange rate today, April 8, 2026: Naira appreciates
