Naira Continues Appreciation Against US Dollar as Foreign Reserves Increase

Naira continues appreciation against US dollar as foreign reserves increase

The naira continued its appreciation against the United States dollar at the foreign exchange market on Friday, driven by a slight rise in Nigeria’s external reserves to $38.63 billion as of Thursday, July 24, 2025. Central Bank of Nigeria data showed the exchange rate at N1,534.72 against the dollar on Friday, compared to N1,534.79 on Thursday. This indicates the naira strengthened slightly by N0.07 on a day-to-day basis. However, at the black …

Naira Strengthens Against Dollar As Foreign Reserves Increase

The Naira closed the week on a positive note, gaining 4.52 kobo against the U.S. dollar at the foreign exchange market on Friday, Saturday Telegraph reports. The development has been driven by a slight rise in Nigeria’s external reserves to $38.63 billion as of Thursday, July 24, 2025. According to the latest figures from the... The post Naira Strengthens Against Dollar As Foreign Reserves Increase appeared first on New Telegraph.

Naira Gains Against Dollar at Official Market - Voice of Nigeria Broadcasting Service

The Nigerian naira closed the week on a positive note, gaining 4.52 kobo against the U.S. dollar at the official market on Friday. According to the latest figures from the Central Bank of Nigeria, the naira traded at ₦1,534.72 per dollar. The figure represents a modest gain of 0.05 per cent on Thursday, when it was valued at ₦1,534.79 to the dollar. However, the Naira had experienced minimal losses earlier in the week, trading at ₦1,535.62 on We…

Naira Strengthens Amid Rising FX Reserves » News.ng

The Nigerian currency gained ground against the US dollar at the Nigerian Foreign Exchange Market (NFEM) as the country’s external reserves grew, boosted by consistent foreign inflows. The reserves now stand at approximately $38.5 billion. While foreign exchange supply strengthened, market participants observed an uptick in dollar demand at the official window. Data from the Central Bank of Nigeria (CBN) indicated that the naira appreciated to ₦…

Naira continues appreciation against US dollar as foreign reserves...

The naira continued its appreciation against the United States dollar at the foreign exchange market on Friday, driven by a slight rise in Nigeria’s extern... #business, #naira, #dollar, #flyingeze

Naira gain N0.07 against dollar at official window

The Nigerian currency, the naira, gained a marginal N0.07 against the American dollar at the official window on Friday.The Central Bank of Nigeria …