The Naira gained strength, closing at ₦1,455.23 per dollar on the official foreign exchange market, marking a 1.36% improvement from ₦1,475.34 on September 30. This is the first time since May 2024 that the exchange rate has dipped into the ₦1,400 range, highlighting the currency’s strongest... The Naira gained strength, closing at ₦1,455.23 per dollar on the official foreign exchange market, marking a 1.36% improvement from ₦1,475.34 on September 30. This is the first time since May 2024 that the exchange rate has dipped into the ₦1,400 range, highlighting the currency’s strongest performance so far this year. When EFEMS was launched, the naira was trading at ₦1,660 per dollar on the official market, making the current rate a significant gain.