Naira-dollar
Naira strengthens, gains N29.89 against US dollar
The Nigerian Naira closed the week on a positive note, appreciating by N29.89 against the US Dollar in the official market.
According to data from the Central Bank of Nigeria (CBN), the Naira traded at N1,517.93 per dollar on Friday, reflecting a 1.9% increase from Thursday’s closing rate of N1,547.82.
READ ALSO:
The currency’s recovery comes after a period of decline since March 5, offering a sign of relative stability. In recent months, the Naira has traded within a range of N1,500 to N1,900 against the dollar across both official and parallel markets.
This uptick suggests ongoing efforts to stabilize the currency may be yielding results, as market watchers remain hopeful for sustained improvements.
BREAKING: Tinubu Orders Immediate Rescue of Niger Mosque Abduction Victims President Bola Ahmed Tinubu has…
47 Dead, 22 Injured as Gangs Target Displaced Persons Camp in Haiti Church The United…
Kano diphtheria outbreak: Over 50 children reportedly dead as lawmakers demand urgent action The Kano…
2027: APC Denies Withdrawing Tinubu Campaign Council List Amid Controversy The All Progressives Congress has…
Stop Inviting African Dictators, Falana Tells NBA Over George Weah Invitation Human rights lawyer and…
UNIZIK Suspends Professor Over Viral Sexual Assault Allegation as Probe Continues The management of Nnamdi…