August 4, 2025

Naira Strengthens

Business World

Naira Strengthens Sharply in Official Market Amid Global Dollar Decline

Abuja, July 2, 2025 — The Nigerian naira recorded a significant appreciation in the official foreign exchange market this week, buoyed by a broader global slump in the US dollar and increased investor confidence in Nigeria’s monetary policies. According to official data from the Central Bank of Nigeria (CBN), the naira closed trading on Monday,

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Business Economy

Naira Strengthens Below ₦1,600/$ at Parallel Market as U.S. Dollar Loses Ground

Lagos, Nigeria – June 18, 2025The Nigerian naira continued its bullish momentum on Tuesday, appreciating to below ₦1,600 per dollar in the parallel market, as the U.S. dollar showed signs of weakening amid shifting global currency dynamics. Market sources revealed that the naira exchanged between ₦1,580 and ₦1,595/$, marking one of its strongest performances in

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