Categories: BusinessNews

Naira appreciates against dollar at official market

The naira appreciated at the official market, trading at N1,547.36 to a United States dollar on Friday, June 20, 2025.

Data obtained from the website of the Central Bank of Nigeria (CBN) showed that the naira gained N2.05.

This represents a 0.13 per cent gain when compared with Thursday when the local currency traded at N1,549.41 to a dollar.

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The naira, which opened the week with a 0.3 per cent gain on Monday, when it traded at N1,544.62, closed the trading week stronger again on Friday.

The local currency recorded a slight depreciation of 0.04 per cent on Tuesday when it traded at N1,545.26 against the dollar.

However, currency remained almost static on Wednesday and Thursday, trading at N1,549.20 and N1,549.41 respectively, representing a minute loss of 0.01 per cent.

The Star

Segun Ojo

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