WATCH THE VIDEO HERE The naira appreciated to N1510 per US dollar in the foreign exchange market as analysts claimed that the Central Bank of Nigeria’s (CBN) FX code would boost foreign investors’ confidence further. Spot data showed that the naira appreciated by 0.79% in the official window, closing at N1,510.72 per US dollar as the CBN introduced code as part of FX reform to enhance transparency. AIICO Capital Limited noted improved liquidity in the foreign exchange market, with substantial trades conducted on Wednesday without changing the naira course. Most transactions were valued between N1,495 and N1,532 per US dollar, analysts said.
Naira rises to N1,510 as CBN FX code boosts market confidence
