LAGOS – The Naira has further appreciated at the official market, trading at N1,510.72 to a Dollar on Wednesday.

Data obtained from the FMDQ Security Exchange official forex trading platform, revealed that the local currency gained N11.96, representing a 0.78 percent gain, compared to the trading figure on Tuesday, when the Naira closed trading at N1,522.68 to the Dollar.

Trading on the Investors and Exporters (I&E) Forex window on Wednesday, recorded a high of N1,514.00 and a low of N1,504.00.

The Naira has enjoyed relative stability against the US dollar since December 2024, when the Central Bank of Nigeria’s (CBN) introduced sustained sweeping reforms.

Recall that the apex bank had approved waivers on the 2025 annual license renewal fee for all existing Bureau De Change (BDC) operators, and introduced the Nigeria Foreign Exchange (FX) Code, aimed at sanitising the banking industry to promote ethical conduct.