See the Current Value of Naira, As Naira Strengthens Against Dollar in Both Official and Parallel Markets
See the Current Value of Naira, As Naira Strengthens Against Dollar in Both Official and Parallel Markets
Naira and Dollars
The naira saw a gain against the US dollar on Thursday, appreciating in both the official and black markets.
As per data from the Central Bank of Nigeria (CBN), the official exchange rate improved to N1,532 per dollar, up from N1,545 on Wednesday.
In a similar trend, data from FMDQ revealed that the naira strengthened to N1,534.35 per dollar on Thursday, compared to the previous day’s rate of N1,549.29, marking a rise of N14.94.
In the parallel market, the naira also showed improvement, trading between N1,640 and N1,680 per dollar, down from N1,710 on Wednesday, as reported by Abubakar Alhassan, a Bureau de Change operator in Wuse 4, Abuja.
The currency has experienced notable fluctuations throughout the week, a trend linked to the recent launch of the Electronic Foreign Exchange Matching System (EFEMS) by the CBN, designed to enhance transparency in foreign exchange transactions.
TRENDING SONGS
Sanwo-Olu Tours Massive Tolu Education Hub Set to Transform Learning for 20,000 Lagos Students
Ghana Police Arrest 11 Nigerians in Tamale Crackdown on Drugs, Cybercrime
Malami Breaks Silence on INEC–ADC Dispute, Urges Calm Amid Political Tensions
£746m Nigeria–UK Deal Sparks Debate Over Ajaokuta Steel’s Future
FG Kicks Off 56km Ekiti–Osun Link Road to Boost Regional Trade
Tinubu Condemns Plateau and Kaduna Attacks, Calls for Urgent Action Against Violence
Tonto Dikeh Opens Up on Dark Past: From Cult Involvement to Spiritual Renewal
Alleged Truck Tampering Lands Lagos Man in Court Over Theft Claims
Senegal Tightens Anti-LGBTQ Laws, Doubles Prison Terms Amid Rights Concerns
Infantino Watches Iran Friendly Amid World Cup Venue Uncertainty
Share this post with your friends on 
