The Naira appreciated to ₦1,427.50 per US dollar, extending a two-week rally driven by improved dollar inflows and stronger investor confidence.

Data from the FMDQ Exchange shows the currency gained from ₦1,452.50/$1 earlier in the week, reflecting the impact of ongoing Central Bank of Nigeria (CBN) FX reforms and increased market liquidity.

Nigeria’s foreign reserves also climbed to $43.17 billion, up from $42.8 billion last week. Analysts say the buildup strengthens the CBN’s capacity to stabilize the market and signals growing investor trust in economic policies.

However, experts warn that sustaining the rally will depend on continued inflows and stable oil earnings. Visit www.jocomms.com for more news.