Naira Rises Further Against Dollar at Official and Parallel Markets

Nigeria’s naira continued to gain ground against the US dollar on Wednesday in both the official foreign-exchange window and the parallel market, extending a two-day run of appreciation at the formal market.

Central Bank of Nigeria figures showed the currency closed at N1,347.53 to the dollar on Wednesday, compared with N1,352.87 on Tuesday.

The naira also advanced in the black market, where it traded at N1,380 per dollar on Wednesday, strengthening by N5 from N1,385 a day earlier.

The currency gains came as Nigeria’s external reserves stood at $55.26 billion on Tuesday. The reserve position is a closely watched indicator of the central bank’s capacity to support foreign-exchange liquidity and manage pressure on the naira.

Zibuyile began her media journey as a sales intern at Mediamark (Kagiso Media) before moving into digital content creation for ZAlebs.com. Over four years, she helped evolve the platform from a simple blog into one of South Africa’s leading independent entertainment news sites.

Following ZAlebs’ transition to Celebrity Worx in 2016, Zibuyile was promoted to Executive Editor, recognized for her sharp audience insight and ability to match editorial with branded content. Highlights of her time include a Bookmark Award nomination, judging TLC’s Next Great Presenter, reporting from the MTV EMAs, and building partnerships with radio stations like YFM, Cliff Central, and Good Hope FM.

Her editorial work also expanded to include fast-growing digital verticals—such as lifestyle tech, online entertainment, and gambling-related content—tailored to evolving reader interests and brand opportunities.