The naira solidified strongly on Wednesday after the Nigerian National Petroleum Corporation (NNPC) sold about $350 million to banks, helping the money recuperate from a record low against the dollar.

As indicated by Reuters, the naira shut at N186 to the dollar, increasing 3.55 every penny in unstable exchange from Tuesday's record low close of N192.10.

The NNPC, which represents the majority of hard money exchanged on the interbank business, offers dollars consistently to purchase naira for its nearby operations.

Notwithstanding, the Central Bank of Nigeria (CBN) arrangements to offer about N192.39 billion in treasury bills with developments of 3-month and one year at a closeout one week from now as a component of measures to check cash supply.

The national bank said in a recognize that it would offer N45.17 billion value of 3-month treasury bills, N30 billion in 6-month paper and N117.22 billion in one year paper, utilizing the Dutch Auction System.