Naira Strengthens Against Dollar on Improved Liquidity Conditions

Nigeria's naira has shown improvement in its value against the US dollar, rising to N1,346.49 per dollar after a weekly gain of N11.11.

This increase was largely driven by stronger dollar supply from foreign investors, exporters, and non-bank corporate entities, which helped ease pressure on the domestic currency.

The country's gross external reserves rose by 0.65% to $52.657 billion during the period, supported by improved dollar supply.