The naira appreciated against the United States dollar and closed stronger on Friday, May 23, 2025, trading at N1,580.44 in the official forex market.
Data from the Central Bank of Nigeria’s (CBN) website show the naira gained N4.51 against the dollar on Friday.
This marks a 0.28 per cent appreciation from Thursday’s closing rate of N1,584.95 in the foreign exchange window.
Customs seizes N63m smuggled petrol, 5 vehicles
The local currency maintained consistent strength throughout the week, recording gains daily.
On Monday, May 19, it traded at N1,598.68; N1,590.45 on Tuesday; and N1,584.49 on Wednesday.
These gains suggest increased investor confidence and improved forex supply, contributing to the naira’s performance.
The Kaduna State Government has recruited 1,800 health personnel to enhance quality healthcare service delivery…
Dangote Petroleum Refinery has introduced a dedicated hotline for Nigerians to report any MRS Oil…
The Federal Government has approved the introduction of mandatory pre-employment drug testing for prospective applicants…
Nigeria’s technology and telecommunications company, Globacom, has conveyed warm Christmas greetings to Christians in Nigeria…
As part of efforts to ensure a safe and secure yuletide season, Operation Sweep, a…
Kaduna State Governor, Uba Sani, has signed the 2026 Appropriation Bill into law, with education…
This website uses cookies.