Foreign exchange market activity shows the naira's value increasing. Data indicates a gain of N0.31 against the US currency. The naira's exchange rate improved to N1,320.25.

At another market, the naira's value rose by N10 per dollar. This change occurred from one day to the next.

The country's foreign reserves have been rising, reaching $54.21 billion. Further information on these market developments is available from the Central Bank of Nigeria's data.