The naira further appreciated at the official market on Wednesday, January 29, 2025, trading at N1,510.72 to a dollar.
Data from the FMDQ Security Exchange official forex trading platform revealed that the local currency gained N11.96.
This represented a 0.78 per cent gain, compared to the trading figure on Tuesday, when the naira closed trading at N1,522.68 to the dollar.
Trading on the Investors and Exporters (I&E) Forex window on Wednesday recorded a high of N1,514.00 and a low of N1,504.00.
NMDPRA issues gas distribution licences to 6 companies
The naira has enjoyed relative stability against the United States dollar since December 2024, when the Central Bank of Nigeria’s (CBN) introduced sustained sweeping reforms.
The CBN, on Tuesday, January 28, introduced more measures, leading to additional health for the local currency.
The apex bank approved waivers on the 2025 annual license renewal fee for all existing Bureau De Change (BDC) operators.
The CBN also unveiled the Nigeria Foreign Exchange (FX) Code, aimed at sanitising the banking industry to promote ethical conduct.
The code, which is part of CBN’s ongoing reforms, is to sanitise the market to drive transparency and good governance, in line with global best practices.
A businessman, Akinbolusere Kayode, popularly known as Tolufe, has committed suicide inside his office in…
Bayero University, Kano (BUK), will host an international conference to explore how sustainable governance and…
Former President Olusegun Obasanjo has described President Bola Tinubu’s claim that borrowing is not leprosy…
Presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has vowed to lead rescue…
Nigeria and Russia have agreed to replace their 59-year-old aviation agreement, with negotiations expected to…
In Onitsha, history is not a sepia-toned relic, embalmed in the amber of antiquity, nor…
This website uses cookies.