Naira strengthens to N1,597.7/$1 at official market

StatePress NG: Naira gains ground, appreciates against dollar

Naira strengthens to N1,597.7/$1 at official market

Nigeria’s currency, the naira, appreciated against the US dollar at the official foreign exchange market on Monday, closing at N1,597.7/$1, according …

Naira bounces back, clocks N1,600.44 to Dollar after stunning Market rally - Latest Nigerian News and Entertainment

Latest Nigerian News and Entertainment - Latest Nigerian News and Entertainment The Naira appreciated on Monday, May 12, 2025, closing at N1,600.44 per US dollar on the official foreign exchange market, according to data published by the Central Bank of Nigeria (CBN). This marks a gain of N5.71 or 0.35 per cent compared to the previous rate of N1,606.15 per dollar recorded on Friday, May 9. […] The post Naira bounces back, clocks N1,600.44 to Do…

Naira Trades N1,600/$1 at Official Market, N1,630/$1 at Black Market

By Adedapo Adesanya The Naira closed stronger against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) by N9.35 or 0.58 per cent on Monday, May 12 at at N1,600.29/$1 compared with the N1,609.64/$1 it traded last Friday. Similarly, the Nigerian Naira improved its value against the Pound Sterling in the official […]

Naira strengthens to N1,597.70/$1 as CBN reforms narrow official-black market exchange rate gap

Nigeria’s currency, the naira, recorded a notable appreciation against the US dollar at the official foreign exchange window on Monday, May 12, 2025, closing at N1,597.70/$1, according to data published by the Central Bank of Nigeria (CBN). This marks a 0.58% gain or N9.30 compared to last Friday’s closing rate of N1,607.00/$1. Trading data from the Nigerian Foreign Exchange Market (NFEM) showed that the naira traded within an intraday band rang…

Naira Appreciates in Official Market, Closes at N1,600/$1 - Tech

The naira appreciated in the official market on Monday, closing at N1,600/$1, a 0.37% improvement from Friday’s rate of N1,606/$1. This is a positive start to the week following a turbulent period last week, during which the naira experienced consecutive daily depreciations. However, the trend shifted on Friday when it appreciated slightly from N1,610/$1 to N1,606/$1. According to data from the Nigerian Foreign Exchange Market (NFEM), the naira …