The naira resumed trading on the official market at 381 to the dollar after no quotes for two straight sessions, as the central bank unified the country’s multiple exchange rates.

Reports say that the central bank had been under pressure from both the World Bank and the International Monetary Fund for currency reforms in order to qualify for budget-support loans, and from the Nigerian government to get more naira for its crude oil receipts.

The World Bank is expected to approve a 3 billion dollar budget- support loan for Nigeria in the coming months.