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The naira appreciated on Thursday, June 5, 2025, trading at N1,553.11 against the United States dollar in the official foreign exchange market.
Data from the Central Bank of Nigeria (CBN) showed that the naira gained N12.35, representing a 0.79 per cent appreciation when compared to Wednesday’s trading at N1,565.46 per dollar.
The local currency has been on a steady appreciation, trading at N1,579.27 on Tuesday and N1,581.58 against the dollar on Monday.
Oil prices steady after U.S. stockpile build
The naira, which also closed the previous week bullish, opened the new week with a gain of N4.56.
These steady gains were recorded as the recapitalisation for Bureau De Change Operators (BDCs) commenced on June 3.
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