Forex Market
Naira records strongest gain against dollar as external reserves Hit $41.24b
The Nigerian Naira recorded its highest single-day gain against the U.S. dollar this week at the official foreign exchange market, bolstered by a steady increase in the country’s external reserves. Data from the Central Bank of Nigeria (CBN) revealed that the Naira appreciated to N1,535.47 per dollar on Thursday, up from N1,537.07 on Wednesday, representing […]
Naira Surges to N1,600 Against Dollar, Hits Weekly High
The Nigerian naira has experienced a significant boost in the official foreign exchange market, reaching its highest value against the US dollar in recent weeks. On Monday, May 13, 2025, the naira closed at N1,600.44 to the dollar, marking an appreciation from its previous rate of N1,606.15 recorded at the close of trading on Friday, […]