Naira-dollar
Dollar exchanges for N1,600.44 after stunning market rally
The Naira appreciated on Monday, May 12, 2025, closing at N1,600.44 per US dollar on the official foreign exchange market, according to data published by the Central Bank of Nigeria (CBN).
This marks a gain of N5.71 or 0.35 per cent compared to the previous rate of N1,606.15 per dollar recorded on Friday, May 9.
The Naira had shown signs of recovery toward the end of last week, rebounding from earlier losses.
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