The Naira has appreciated, rising to N1,630 per dollar in the black market from N1,640 previously.
Similarly, in the official foreign exchange market, the Naira strengthened to N1,507 per dollar, reflecting a N12.7 appreciation.
While this development offers a slight relief, analysts note that the gain remains minimal, and the currency still faces significant hurdles.
The widening gap between the parallel and official market rates is still a major concern, according to economic experts,
They cautioned that despite the recent improvement, the Naira’s long-term outlook remains uncertain as Nigeria continues to tackle economic headwinds.
