The Naira on Wednesday appreciated in what has been termed its biggest recovery in months.

From N520/$1, the Naira moved up to N503/$1 on Wednesday.

It was a 3.3 per cent appreciation, a development that has not happened in several months.

This is coming two days after the Central Bank of Nigeria released new guidelines for access to foreign exchange.

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The apex bank equally released $500 million into the market.

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