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.
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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.
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