Categories: BusinessNews

Naira appreciates against dollar at official market

The naira appreciated in the official market on Friday, March 28, 2025, trading at N1,536.82 to a United States dollar.

Data from the Central Bank of Nigeria (CBN) website showed that the naira gained N1.84.

This represents a 0.11 per cent increase compared to the N1,538.66 per dollar recorded on Thursday.

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The gain followed four days of slight depreciation between Monday and Thursday.

On Monday, March 24, the naira closed at N1,531.19 per dollar. On Tuesday, it traded at N1,532.39, and on Wednesday, it exchanged at N1,537.62.

Despite these slight losses, the naira has remained relatively stable against the dollar since December 2024, due to the CBN’s reforms promoting transparency in the foreign exchange market.

The Star

Segun Ojo

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