Naira extends significant appreciation against US dollar
7 Articles
7 Articles
Naira extends significant appreciation against US dollar
The naira continued its appreciation rally against the United States dollar at the official foreign exchange market on Monday. The Central Bank of Nigeria’s data showed that the naira further strengthened to N1,357.77 per dollar on Monday, up from N1,366.23 on Friday last week. This means that local currency gained N8.46 significantly against the dollar on Monday when compared to Friday. Meanwhile, at the black market, the Naira weakened by N5 t…
Naira Strengthens to N1,355/$, Highest Level in 4 Weeks
The naira extended its recent gains at the official foreign exchange market, closing at N1,355/$, according to data from the Central Bank of Nigeria. This marks an improvement from N1,363.5/$ on Friday, indicating that the local currency is still recovering after earlier pressure this month. Monday’s close is the naira’s strongest performance since February 23, … The post Naira Strengthens to N1,355/$, Highest Level in 4 Weeks appeared first on …
Naira Gains N8.46 to Trade N1,357/$ at Official Market
By Adedapo Adesanya The Naira opened the week stronger against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Monday, March 16, by N8.46 or 0.62 per cent to trade at N1,357.77/$1 compared with the previous session’s N1,366.23/$1. In the same vein, the local currency appreciated against the Pound Sterling in […]
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