**Naira Appreciates Against US Dollar, Posts 4-Day Gain** The Naira has continued its upward trend against the US dollar at the official foreign exchange market. As of Friday, the local currency, Naira, exchanged for N1,366.23 per dollar, marking a daily gain of N5.28. This surge has been sustained since Tuesday, March 10, with the Naira appreciating by N35.17 in four days. This development comes as the Central Bank of Nigeria's official foreign exchange market data indicates a significant improvement in the Naira's value. This upward trend is a welcome relief for many Nigerians who have been affected by the depreciation of the Naira in recent times. However, it's worth noting that the black market, where many Nigerians rely on for foreign exchange, has remained stagnant. The Naira is still being exchanged for N1,440 per dollar, the same rate as Thursday. On the other hand, the parallel market, where Bureau de Change operators operate, has seen a decline in the Naira's value. According to multiple operators, the Naira has lost N20 in value over the last four days. This mixed bag of news has sparked interest among economists and financial analysts. Despite the gains at the official foreign exchange market, the Naira's decline at the parallel market raises concerns about the stability of the currency. Meanwhile, Nigeria's external reserves have been on the rise, currently standing at $50.03 billion as of March 11, 2026. This increase in reserves is seen as a positive development for the economy, as it indicates a stronger ability to defend the Naira and stabilize the foreign exchange market. As the situation continues to unfold, Nigerians will be watching closely to see if the Naira's appreciation at the official market will spill over to the black market and parallel market, and ultimately, lead to a more stable currency.