Naira records highest appreciation against dollar

Published on April 25, 2025 at 08:10 PM

The naira recorded its highest appreciation against the dollar in both the parallel and official foreign exchange markets, ending the week on a positive note.

Exchange data from a Bureau de Change operator in Wuse Zone 4, Abubakar Alhasan, showed that the naira closed at N1,595 per dollar on Friday, compared to N1,610 traded on Thursday.

This means that on the black market, the naira gained N15 against the dollar on a day-to-day basis.

Similarly, the Central Bank of Nigeria’s exchange data indicated that the naira strengthened to N1,599.54 per dollar on Friday from N1,601.82 on Thursday.

Accordingly, Nigeria’s currency appreciated by N2.28 against the dollar on a day-to-day basis.

DAILY POST reports that in the past three days, the at both FX markets.

On Tuesday, the naira started the week after the Easter break at both black and official markets.

Prev Article NPFL: Musa on target as Kano Pillars overcome Rivers United
Next Article Nine years after $10m jewel heist Kim Kardashian will finally face Paris attackers & reveal true horror of gun robbery

Related to this topic:

NNPCL increases fuel price

The Nigerian National Petroleum Company Limited, NNPCL, has increased the pump price of premium motor spirit across its retail outlets. DAILY POST gathered...

BREAKING: NNPCL reduces fuel price

Nigerian National Petroleum Company Limited has reduced its premium motor spirit pump price barely 48 hours after the hike across retail outlets. DAILY POS...

Comments (0):

Be the first to write a comment.

Post Comment

Your email address will not be published. Required fields are marked *

GDPR Compliance

We use cookies to ensure you get the best experience on our website. By continuing to use our site, you accept our use of cookies, Privacy Policy, and Terms of Service.

Search

Newsletter image

Subscribe to the Newsletter

Join 10k+ people to get notified about new posts, news and tips.

Do not worry we don't spam!