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The Naira gained massively against the United States dollar in the last three days at the official foreign exchange as trading ended for the Christmas holidays.How the US Dollar Depreciates Massively Against the Naira During Christmas HolidaysCentral Bank of Nigeria data showed that the Naira strengthened further on Wednesday to N1,443.37 per dollar, up from N1,449.99 on Tuesday.This means that since Monday this week, the Naira has recorded a significant N13.18 gain against the dollar, according to the apex bank data.Similarly, at the black market, the Naira traded on Wednesday at N1,490 per dollar, an appreciation from the N1,500 exchanged on Monday, but the same rate as on Tuesday.The uptrend comes amid the rise in the country’s external reserves to $45.24 as of December 23rd, 2025.
Seun Emmanuel
The Naira gained massively against the United States dollar in the last three days at the official foreign exchange as trading ended for the Christmas holidays.
How the US Dollar Depreciates Massively Against the Naira During Christmas Holidays
Central Bank of Nigeria data showed that the Naira strengthened further on Wednesday to N1,443.37 per dollar, up from N1,449.99 on Tuesday.
This means that since Monday this week, the Naira has recorded a significant N13.18 gain against the dollar, according to the apex bank data.
Similarly, at the black market, the Naira traded on Wednesday at N1,490 per dollar, an appreciation from the N1,500 exchanged on Monday, but the same rate as on Tuesday.
The uptrend comes amid the rise in the country’s external reserves to $45.24 as of December 23rd, 2025.
Urban Express News reports that the Naira gained against the dollar at the official market on Monday and Tuesday.
