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flag Nigerian naira strengthens against US dollar due to increased foreign exchange and central bank actions.

flag The Nigerian naira has strengthened against the US dollar, primarily due to a surge in foreign exchange supply in the interbank market, aided by the Central Bank of Nigeria's interventions. flag This appreciation has also positively impacted the parallel market rates, though some analysts predict potential volatility due to Nigeria's reliance on oil imports. flag Bureau De Change Operators of Nigeria praised the CBN's efforts, emphasizing the need for sustained reforms to ensure long-term currency stability.

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