News
Naira Appreciates To N1,600 Against Dollar, Records Highest In Weeks
The naira strengthened against the US dollar in the official foreign exchange market on Monday, posting its most notable appreciation in weeks.
According to data from the Central Bank of Nigeria (CBN), the naira closed at N1,600.44 to the dollar, improving from N1,606.15 recorded at the close of trading last Friday. This marks a N5.71 gain for the local currency.
It is the most significant appreciation since April 30, 2025, when the naira closed at N1,596.68 following a N3.02 gain that day.
This latest development follows a stretch in which the naira faced more depreciation than recovery, despite a series of monetary policy interventions by the Central Bank aimed at stabilising the currency.
The apex bank continues to monitor and adjust its strategies as the naira’s performance remains volatile across both markets.
Kaduna: Accord Party Stakeholders Express Solidary For Hashim’s 2027 Presidential Bid
Amuloko To The World: The Meteoric Rise Of Olalekan, A Photography Genius
Osun Belongs To All Of Us — Party Chairmen Unite For Historic Peace Summit
Osun 2026: APC Will Reclaim Osun in 2026, Adereti Tells Supporters
Bode-Osi Obaship Tussle: Kingmakers, Indigenes Urge Adeleke To Call Akinleye To Order
Federal Judge Voids Trump’s $100,000 Fee Requirement For H-1B Visas
-
Opinion3 days agoRising Allocations, Failing Infrastructure: Why Nigerians Are Asking Hard Questions By Adeboye Adebayo
-
News2 days agoDespite Resignations Of Some Members, We Remain Undaunted, Unshakeable, Osun APC Assures Members, Public
-
South West News4 days agoOba Adebisi Installs New High Chief Orisa
-
News5 days agoOsun NDP Rules Out Governorship Race, Endorses Senatorial Aspirants Ahead Of Election