Nigeria, March 4 -- On the black market, the Nigerian naira started Tuesday's trading session at N1,510 to the US dollar due to the weakness of the dollar index.

However, the Nigerian Foreign Exchange Market saw a greater settlement for the native currency.

The CBN reported that the indicative exchange rate of the naira fell from N1,500 to the dollar last Friday to finish at N1,499 to the dollar during Monday's trading session.

The loss came after three days of gratitude the week before. Despite continuous reforms by the Nigerian apex bank, the naira has stayed relatively steady about the dollar, and the foreign currency market has become more open.

Furthermore, during the week's worst trading session, the Nigerian naira depreciated o...