Naira gains N4.80 at official market

The Naira on Tuesday appreciated at the official market, trading at N1,375.30 to a dollar.

Data from the official website of the Central Bank of Nigeria (CBN) revealed that the Naira gained N4.80.

This represents a 0.35 per cent appreciation compared with Monday’s exchange rate when it traded at N1,380.10 against the dollar.

The Naira, which has remained relatively stable due to sustained reforms, also recorded a slight gain on Monday.