Tag: #ForexUpdate
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NAIRA SHINES BRIGHTER, GAINING N15 AS IT CLOSES STRONGER AT 1,421.73 TO DOLLAR
The Naira extended its winning streak on Friday, ending the trading week stronger at N1,421.73 per dollar in the official foreign exchange market, according to data from the Central Bank of Nigeria (CBN). This marks a 1.07% or N15.23 appreciation from N1,436.97 recorded earlier in the week, continuing a steady upward trend that began Monday.…
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NAIRA CLOSES WEEK BULLISH, GAINS N11.08 TO DOLLAR ON OFFICIAL MARKET
Steady recovery driven by CBN reforms signals renewed confidence in local currency. The Naira ended the week at N1,487.89 to the Dollar, appreciating by 0.7% from Thursday’s rate. After opening Monday bullish with a N4.03 gain, it saw slight dips midweek but maintained an overall upward trend. Analysts praise CBN’s measures and MPC forecasts for…
