The Nigerian naira has continued to gain value against the United States dollar following a new directive from the Central Bank of Nigeria (CBN). The apex bank instructed authorised dealers to sell foreign exchange to Bureau De Change (BDC) operators in a move aimed at improving dollar supply in the retail market.

Financial analysts say the policy has increased liquidity in the foreign exchange market, helping to reduce pressure on the naira. With more dollars available through licensed BDCs, demand in the parallel market has eased, contributing to the local currency’s appreciation.

The CBN’s decision is seen as part of broader efforts to stabilise the exchange rate and restore confidence in Nigeria’s forex system. Market observers believe sustained interventions and improved transparency could help maintain the naira’s current upward trend.

Despite the recent gains, experts warn that long-term stability will depend on consistent policies, increased foreign investment, and higher export earnings. For now, the latest directive appears to have strengthened the naira and provided temporary relief to businesses and consumers.