Categories: BusinessNews

Naira trades N1,600/$ at official market

The naira appreciated at the official market on Monday, May 12, 2025, trading at N1,600.44 to a United States dollar.

Data from the Central Bank of Nigeria (CBN) website showed that the naira gained N5.71.

This represents a 0.35 per cent gain when compared to N1,606.15 per dollar recorded on Friday, May 9, 2025.

‘Nobody is above the law’: EFCC to probe Tompolo over naira abuse

The naira, which slumped in the early part of the previous week, ended the week on a positive note with a N3.48 gain on Friday.

The local currency traded at N1,609.64 to the dollar on Thursday.

The Star

Segun Ojo

Recent Posts

Ondo by-election: APC candidate hails voter turnout, peaceful conduct

The All Progressives Congress (APC) candidate for the Ondo South Senatorial District by-election, Prof. Dayo…

59 minutes ago

Police bust drug ring in Katsina

The Katsina State Police Command has arrested two suspects and recovered 2,000 tablets of suspected…

2 hours ago

Ekiti election: Commercial motorcyclists, tricyclists defy movement restriction order

Commercial motorcyclists and tricycle riders in Ado-Ekiti on Saturday continued their operations in defiance of…

3 hours ago

2 officers injured as gunmen raze police station in Ekiti

Two police officers sustained injuries on Friday evening after suspected gunmen attacked and set fire…

3 hours ago

Ekiti election: PDP candidate Oluyede votes in Ikere

The governorship candidate of the Peoples Democratic Party (PDP) in the Ekiti State election, Wole…

4 hours ago

Ekiti 2026: Afuye votes, predicts wide-margin victory for Oyebanji

Ekiti State Deputy Governor and Deputy Governorship Candidate of the All Progressives Congress (APC), Monisade…

4 hours ago

This website uses cookies.