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Naira appreciates by 0.35% against dollar at official market

Ola Simeon by Ola Simeon
May 12, 2025
in Breaking News, Business
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Naira depreciates marginally, exchanges at 445.83 to dollar
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The Naira appreciated on Monday at the official market, trading at N1,600.44 to a 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 N1606.15 per dollar recorded on Friday, May 9, 2025.

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 on Thursday, May 8, 2025 at N1,609.64 to the dollar.

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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.