The naira appreciated by N4.59 against the United Stated dollar on Thursday, May 29, 2025, closing at N1,586.15 at the official foreign exchange market.
Data from the Central Bank of Nigeria’s (CBN) website showed that the naira recorded a 0.28 per cent gain, indicating a slight but consistent upward trend.
On Wednesday, the local currency exchanged at N1,590.74 to the dollar, continuing its modest recovery from earlier volatility in the currency market.
Many feared dead as flood devastates Niger community
Earlier in the week, the naira traded at N1,583.73 on Tuesday and N1,579.40 on Monday, reflecting improved demand and foreign currency inflows.
Financial analysts attribute the currency’s recent gains to policy consistency and improved liquidity in the official forex market.
Oil prices eased on Monday, May 4, 2026, after President Donald Trump said the United…
No fewer than 11 people have been killed in a reprisal attack by bandits in…
Former Rivers State governor and ex-minister of transportation, Rotimi Amaechi, says he has deliberately avoided…
The Secretary-General of the United Nations, António Guterres, has raised alarm over rising attacks on…
Nigeria’s economy expanded significantly in 2025, with its dollar-denominated gross domestic product rising by 22…
The Nigerian Exchange closed April 2026 on a record high, with total market capitalisation rising…
This website uses cookies.