Though the Naira has gained strength against major currencies in a couple of weeks, the Central Bank of Nigeria (CBN) has spent $1.2 billion to defend the currency.

https://guardian.ng/news/naira....s-defence-debt-servi

Naira’s defence, debt servicing gulp N1.4tr as foreign reserves dip | The Guardian Nigeria News - Nigeria and World News Nigeria The Guardian Nigeria News Nigeria and World News

Though the Naira has gained strength against major currencies in a couple of weeks, the Central Bank of Nigeria (CBN) has spent