{"id":473345,"date":"2026-03-13T11:59:28","date_gmt":"2026-03-13T11:59:28","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/473345\/"},"modified":"2026-03-13T11:59:28","modified_gmt":"2026-03-13T11:59:28","slug":"naira-records-highest-appreciation-against-us-dollar-as-foreign-reserves-hit-50-01bn","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/473345\/","title":{"rendered":"Naira records highest appreciation against US dollar as foreign reserves hit $50.01bn"},"content":{"rendered":"<p>The naira on Wednesday recorded its highest appreciation against the US dollar in three weeks at the official foreign exchange market as Nigeria\u2019s foreign reserves rose to $50.01 billion.<\/p>\n<p>Data from the Central Bank of Nigeria, CBN, showed that the local currency strengthened to N1,376.19 per dollar on Wednesday, compared to N1,401.40 recorded on Tuesday.<\/p>\n<p>This represents a gain of N25.21 for the naira on a day-to-day basis, marking its strongest performance in the last three weeks. The improvement followed the currency\u2019s break from a recent depreciation trend against the dollar on Tuesday.<\/p>\n<p>However, the naira weakened slightly at the parallel market. It fell by N10 to N1,430 per dollar on Wednesday from N1,420 traded the previous day.<\/p>\n<p>Meanwhile, CBN data indicated that Nigeria\u2019s foreign reserves increased to $50.01 billion as of March 10, 2026, up from $49.99 billion recorded on March 9.<\/p>\n","protected":false},"excerpt":{"rendered":"The naira on Wednesday recorded its highest appreciation against the US dollar in three weeks at the official&hellip;\n","protected":false},"author":2,"featured_media":473346,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,9717,1294,5016,56,54,55],"class_list":["post-473345","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-dollar","tag-economy","tag-naira","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/473345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=473345"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/473345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/473346"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=473345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=473345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=473345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}