Nigeria, April 9 -- The Nigerian naira gained ground on Tuesday, appreciating to N1,615 per U.S. dollar at the official exchange market. This represents a modest improvement from the previous day's rate of N1,629/$1, according to figures published on the Central Bank of Nigeria (CBN)'s website.

The latest gain underscores the CBN's continued efforts to bring stability to the foreign exchange (FX) market through targeted interventions. These measures aim to boost liquidity and limit speculative pressures that have previously triggered sharp volatility in naira valuation.

CBN Ramps Up Dollar Supply to Strengthen Market Confidence

In a bid to sustain the naira's momentum, the CBN reportedly injected approximately $200 million into various...