Cnn news on naira appreciation on dollar yesterday

According to CNN News, the Nigerian Naira appreciated against the US Dollar yesterday, with the exchange rate improving significantly.

Here are the details:

• The Naira appreciated by 1.3% against the Dollar, with the exchange rate closing at N415.50 to the Dollar, compared to N420.50 the previous day.
• The appreciation was driven by increased demand for the Naira, particularly from foreign investors, who are optimistic about the country's economic prospects.
• The Central Bank of Nigeria (CBN) also intervened in the foreign exchange market, selling dollars to support the Naira and maintain stability.
• The improved exchange rate is expected to boost Nigeria's economy, particularly the manufacturing and agricultural sectors, which rely heavily on imports.

Here's the CNN News article:

"Naira Appreciates Against Dollar as Foreign Investors Boost Demand"

"Nigeria's Naira appreciated by 1.3% against the US Dollar yesterday, as foreign investors increased their demand for the currency. The exchange rate closed at N415.50 to the Dollar, compared to N420.50 the previous day. The Central Bank of Nigeria (CBN) intervened in the foreign exchange market, selling dollars to support the Naira and maintain stability. The improved exchange rate is expected to boost Nigeria's economy, particularly the manufacturing and agricultural sectors, which rely heavily on imports."

Please note that the exchange rate may have changed since the article was published, and it's always a good idea to check with a reliable source for the latest information.