The naira appreciated at the official foreign exchange market on Monday, October 27, 2025, trading at N1,452.79 against the United States dollar.
Data from the Central Bank of Nigeria (CBN) revealed that the naira gained N5.16 compared with Friday’s rate of N1,457.95.
This represents a 0.35 per cent appreciation, extending the weeklong positive trend recorded in the previous week.
WES 2025: BOI, MAN, NECA lead talks on boosting Nigeria’s productivity
The Association of Bureau De Change Operators of Nigeria (ABCON) commended the month-long appreciation of the naira in both official and parallel markets.
ABCON President Dr Aminu Gwadabe said several factors contributed to the gains.
Gwadabe listed them as Nigeria’s exit from the Financial Action Task Force (FATF) grey list, increased oil revenue, higher foreign reserves, and diaspora remittances.
President Bola Tinubu on Friday administered the oath of office to Dr Muttaqha Darma as…
FirstBank has partnered with the Ministry of Finance Incorporated (MOFI) to introduce a new mortgage…
Nigeria’s new Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has unveiled…
The Nigerian National Petroleum Company Limited (NNPCL) has dismissed reports suggesting it is selling refinery…
The Oyo State Government has confirmed five cases of Lassa fever, including one fatality, as…
The Economic and Financial Crimes Commission (EFCC) has arrested the former chairman of the now-defunct…
This website uses cookies.