The naira rebounded towards the greenback on Wednesday within the parallel overseas change market, reversing earlier losses.
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As of February 12, 2025, the naira was buying and selling at ₦1,560/$ (purchase) and ₦1,565/$ (promote), reflecting a big restoration from the ₦1,580 degree recorded on the shut of buying and selling on Tuesday. Nonetheless, market circumstances remained unstable.
In the meantime, within the official overseas change market, the naira weakened, falling to ₦1,503.07 per greenback on Tuesday from ₦1,499.78 on Monday, representing a depreciation of ₦3.29.