Business News

Naira Appreciates By 0.48% At Official Market

Published

The Naira appreciated on Tuesday at the official market, trading at 1491.67 to a dollar.

Data from the Central Bank of Nigeria (CBN) Website showed that the Naira gained N7.31.

This represents a 0.48 per cent increase from N1,498.98 per dollar recorded on Monday.

The Naira has enjoyed relative stability against the dollar since December 2024 due to sustained reforms by the Central Bank of Nigeria (CBN).

The reforms are aimed at ensuring transparency in the foreign exchange (FX) market.

(NAN)

____

Follow us on Twitter at @thesignalng

Copyright 2025 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to  www.signalng.com and other relevant sources.

In this article:, , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

News

CBN Slashes Interest Rate To 27%

The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate from 27.5 percent to 27 percent, marking the first adjustment of the...

September 23, 2025

News

CBN to Open Nigerian Treasury Bills Worth N220bn for Subscription

The Central Bank of Nigeria (CBN) plans to conduct a treasury operation where bills worth N220 billion will be opened for investors subscription across...

August 6, 2025

News

Manufacturers, LCCI In Divergent Views Over CBN’s 27.5% MPR

The Manufacturers Association of Nigeria (MAN) has expressed deep concern on the decision of the Central Bank of Nigeria (CBN) to maintain the Monetary...

May 22, 2025

Business News

Naira Appreciates To N1,615/$ In Parallel Market

The naira yesterday appreciated to N1, 615 per dollar in the parallel market from N1,620 per dollar on Tuesday. Similarly, the Naira appreciated to...

May 22, 2025

Copyright ©

Exit mobile version