News 24/7
Live
wb_sunny

Breaking News

Eid al-Adha: Naira Appreciates Massively Against Dollar Across Official, Black Markets

Eid al-Adha: Naira Appreciates Massively Against Dollar Across Official, Black Markets

Hi Dear, thanks for visiting! Like our FB Page or Follow Us Twitter for Regular News Updates!

 This means that at the official FX market, the naira strengthened significantly by N12.34 per dollar on a day-to-day basis.


Naira

The naira recorded a significant appreciation against the dollar in both the official and parallel foreign exchange markets on Thursday, ahead of the Eid al-Adha celebration on Friday.

Central Bank of Nigeria exchange rate data indicated that it gained to N1,553.12 against the dollar on Thursday, from N1,565.46 exchanged on Wednesday.


This means that at the official FX market, the naira strengthened significantly by N12.34 per dollar on a day-to-day basis.

Similarly, at the black market, the naira appreciated massively by N23 to N1,590 per dollar on Thursday, from N1,613 recorded the previous day.

“We buy at 1585 per dollar and sell at N1590 on Thursday,”
 a Bureau de Change operator in Wuse Zone 4, Abdulsalami Musa, told Daily Post.

This is the fourth consecutive time the naira is appreciating against the dollar at the official exchange market, from N1,581.58 traded on Monday, June 2, 2025.

Send us a news tip, Advert/ Promotion enquiries, General enquiries, Complain about a story, Submit an opinion, Submit a photo, audio or video etc. Send mail to bobojaytv @gmail.com

Tags

Newsletter Signup

Don't miss any news update from Bobojaytv. Enter your email and stay updated!

Post a Comment

Let know your opinion on this story