Naira Closes at N1,599 per Greenback in Official Market
The Naira appreciated in opposition to the US greenback on Monday, closing at N1,599.00/$1 within the official market.
That is in keeping with information revealed on the Central Financial institution of Nigeria’s (CBN) web site on Monday.
This represents a notable appreciation from N1,626.00/$1 on Friday and N1,630.50/$1 on Thursday.
This marks a notable restoration for the native forex after it started the earlier week on a weaker be aware.
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On Monday, 7 April 2025, the Naira had depreciated to N1,629.00/$1, in comparison with the previous Friday’s shut of N1,600.00/$1. It later settled at N1,626.00/$1 on Friday, 11 April, earlier than Monday’s rebound.
Within the parallel market, the Naira traded at N1,605.00/$1 on Monday, strengthening from Friday’s price of N1,624.35/$1, in keeping with forex merchants on the widespread Wuse Zone 4 change hub in Abuja.
The Naira additionally confirmed diversified efficiency in opposition to different world currencies within the official market. It traded at N2,126.39 per SDR, and at N1,770.13 per Euro, primarily based on figures from the CBN.
A Bureau De Change (BDC) operator in Wuse Zone 4, Abuja, confirmed the Monday price, noting a slight enchancment in greenback availability in comparison with the earlier week.
