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Nigeria's naira is stabilizing against the U.S. dollar, the central bank governor said on Tuesday, after the government met recent strong demand for dollars from importers and foreign investors with Nigerian assets.

Chukwuma Soludo told lawmakers dollar demand in the interbank foreign exchange market has declined sharply to around $72 million on Tuesday from over a $1 billion last week.

"We have met the demand in the market," he said. "As of today, the rate has ... just appreciated because there is a decline in demand."