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Naira records highest appreciation against dollar

Published on April 25, 2025 at 08:10 PM

The naira recorded its highest appreciation against the dollar in both the parallel and official foreign exchange markets, ending the week on a positive note.

Exchange data from a Bureau de Change operator in Wuse Zone 4, Abubakar Alhasan, showed that the naira closed at N1,595 per dollar on Friday, compared to N1,610 traded on Thursday.

This means that on the black market, the naira gained N15 against the dollar on a day-to-day basis.

Similarly, the Central Bank of Nigeria’s exchange data indicated that the naira strengthened to N1,599.54 per dollar on Friday from N1,601.82 on Thursday.

Accordingly, Nigeria’s currency appreciated by N2.28 against the dollar on a day-to-day basis.

DAILY POST reports that in the past three days, the at both FX markets.

On Tuesday, the naira started the week after the Easter break at both black and official markets.

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