Business

Naira appreciates to N1,492/$ at official market

The naira appreciated in the official market on Friday, February 28, 2025, trading at N1,492.49 against the United States dollar.

Data from the Central Bank of Nigeria (CBN) website showed the naira gained N6.57.

This marked a 0.44 per cent increase compared to Thursday, February 27, when it closed at N1,499.07 to the dollar.

EFCC arraigns ex-Abia Governor Orji, others for N60.85bn  fraud

The local currency ended Wednesday’s trading at N1,499.11 against the dollar.

The naira has remained relatively stable following CBN reforms aimed at ensuring transparency in the foreign exchange market.

The Star

Kunle Ayo

Recent Posts

DR Congo stun Portugal with World Cup opening draw

Portugal and their talisman Cristiano Ronaldo were left frustrated after being held to a 1-1…

5 hours ago

Nigeria records $8.11bn crude export revenue

Nigeria’s crude oil export earnings increased to $8.11 billion in the first quarter of 2026,…

5 hours ago

INEC recognises Sadiq as authentic SDP national chairman, drops Gabam from portal

The Independent National Electoral Commission has updated its official portal to reflect Dr Sadiq Umar…

5 hours ago

MTN urges focus on youths amid boycott calls

MTN Group President and Chief Executive Officer, Ralph Mupita, has called for greater investment in…

6 hours ago

Shettima seeks Ekiti monarchs’ support for Oyebanji’s re-election

Vice President Kashim Shettima has enlisted the support of the traditional rulers in Ekiti State…

6 hours ago

Anti-MTN campaigns threaten Africa’s economic unity — Experts

Growing social media calls in Nigeria and other West African countries for the boycott of…

6 hours ago

This website uses cookies.