Nigeria, May 22 -- The Nigerian currency maintained its three-consecutive-day appreciation, with the naira appreciating N1,583 per dollar on Wednesday at the official foreign exchange market.

Narrow appreciation follows Tuesday's N1,588.5 and Monday's N1,597, reflecting incremental but steady improvement in local currency performance.

Naira data at the Central Bank of Nigeria show that it had fluctuated between N1,582.5 and N1,590 to a dollar on Wednesday at a mean rate of N1,584.25. The consistent appreciation is a sign of improved market mood, which was most probably a result of a combination of monetary policy interventions and more active investors.

The naira at the official exchange was N2,126.23 per pound and N1,795.07 per euro. ...