Nigeria, Feb. 5 -- According to data from the Central Bank of Nigeria, the currency closed at N1,359 to the dollar on Wednesday, up from N1,367 on Tuesday and N1,384.5 at the beginning of the week.

With constant external reserves, a tighter monetary policy, and renewed investor interest following recent credit rating decisions, the performance points to firmer pricing at the official window.



With enhanced dollar liquidity and increasing trust in ongoing foreign exchange reforms helping to stabilise official rates, The News Chronicle reported that market participants view the most recent movement as a signal that stress on the naira is being relieved.



Conversely, the parallel market recorded a minor depreciation, with the naira t...