Categories: BusinessNews

Naira trades N1,586/$ at official market

The naira remained unchanged on Friday, May 30, 2025, closing the week at N1,586.15 to the United States dollar at the official foreign exchange market.

The naira traded at the same rate on Thursday, having gained N4.59 against the dollar earlier in the day.

U.S. Supreme Court approves Trump’s request to deport 500,000 migrants

Data from the Central Bank of Nigeria (CBN) showed the local currency appreciated on Monday and Tuesday, trading at N1,583.73 and N1,579.40, respectively.

However, the currency slightly depreciated on Wednesday, trading at N1,590.74 against the dollar.

The Star

Segun Ojo

Recent Posts

How to check 2026 WASSCE results

The West African Examinations Council (WAEC) on Wednesday announced the release of the results of…

1 hour ago

Kano arrests fake doctor over distribution of unapproved drugs

The Kano State Government has arrested a man suspected of posing as a medical practitioner…

2 hours ago

WAEC releases 2026 WASSCE results

The West African Examinations Council (WAEC) has released the results of the 2026 West African…

2 hours ago

FG to commence 90,000km fibre optic rollout

The Federal Government has announced plans to begin the rollout of a 90,000-kilometre fibre optic…

2 hours ago

Police free 16 foreign kidnap victims in Ogun

The Nigeria Police Force has rescued 16 foreign nationals who were allegedly abducted and held…

2 hours ago

Nigerian Breweries nets N804bn revenue as profit hits N164bn in six months

Nigerian Breweries Plc has reported a 9 per cent increase in revenue for the first…

3 hours ago

This website uses cookies.