The naira further appreciated at the official market on Thursday, January 30, 2025, trading at N1,485.95 to a dollar.
Data from the FMDQ Security Exchange official forex trading platform revealed that the naira gained N24.77.
This represents a 1.6 per cent gain when compared to the previous day’s trading figure on Wednesday when the local currency closed trading at N1,510.72 to the dollar.
Trading on the Investors and Exporters (I&E) Forex window on Thursday recorded a high of N1,516.00 and a low of N1470.00.
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The naira has enjoyed relative stability against the United States dollar since December 2024 when CBN introduced sustained reforms ensuring transparency in the foreign exchange market.
The apex bank on Tuesday introduced more measures, leading to additional health for the local currency.
CBN Governor Olayemi Cardoso on Wednesday, also announced the final verification process for payment of the remaining $2.4 billion forex backlog.
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