The Nigerian Naira has continued its positive movement, recording three straight days of appreciation against the US dollar. This improvement has brought relief to many Nigerians, especially importers and businesses struggling with high exchange rates. Market watchers say the steady rise shows growing confidence in recent government policies targeting the foreign exchange market.

According to traders, the local currency gained strength at both the official and parallel markets as dollar supply slightly increased. They noted that improved interventions and tighter regulations helped reduce pressure on the Naira. Many expect more stability if the reforms continue and external reserves remain stable in the coming weeks.

Economic experts believe the Naira’s recent performance could signal a gradual return to market stability. They explained that consistent appreciation helps reduce the cost of goods and can slow rising inflation. However, they also cautioned that sustained gains will depend on effective policies and increased foreign investment.

The three-day upward trend has sparked optimism across the country, with citizens and businesses hoping the improvement will last. Some analysts urge the government to build on the momentum by supporting local production and boosting export earnings, which remain key to long-term currency strength.