Naira appreciates dollar

I think there may be a mistake here!

The Naira (NGN) is the official currency of Nigeria, and the US Dollar (USD) is a widely traded and widely held currency. If the Naira "appreciates" the Dollar, it means that the value of the Naira increases relative to the value of the Dollar.

In other words, if the Naira appreciates against the Dollar, it means that one Naira can buy more Dollars than it could before. This is often referred to as a "strengthening" of the Naira.

However, it's important to note that a strengthening Naira can have both positive and negative effects on the economy. On the positive side, it can make imports cheaper and more competitive, which can benefit consumers and businesses. On the negative side, it can make exports more expensive and less competitive, which can harm exporters and the overall economy.

So, while a strengthening Naira can be beneficial in some ways, it's not always a good thing. The value of currencies can fluctuate constantly due to various economic and political factors, so it's important to stay informed and consider the potential implications of changes in currency values.