Log in

Have no account yet? Sign up

Create an account

I read and accept the terms of use.

Already have an account? Log in

Reset password

Remember your password? Log in

Terms of use

Terms of use dolor sit amet consectetur, adipisicing elit. Recusandae provident ullam aperiam quo ad non corrupti sit vel quam repellat ipsa quod sed, repellendus adipisci, ducimus ea modi odio assumenda.

Disclaimers

Lorem ipsum dolor sit amet consectetur adipisicing elit. Sequi, cum esse possimus officiis amet ea voluptatibus libero! Dolorum assumenda esse, deserunt ipsum ad iusto! Praesentium error nobis tenetur at, quis nostrum facere excepturi architecto totam.

Lorem ipsum dolor sit amet consectetur adipisicing elit. Inventore, soluta alias eaque modi ipsum sint iusto fugiat vero velit rerum.

Limitation on Liability

Sequi, cum esse possimus officiis amet ea voluptatibus libero! Dolorum assumenda esse, deserunt ipsum ad iusto! Praesentium error nobis tenetur at, quis nostrum facere excepturi architecto totam.

Lorem ipsum dolor sit amet consectetur adipisicing elit. Inventore, soluta alias eaque modi ipsum sint iusto fugiat vero velit rerum.

Copyright Policy

Dolor sit amet consectetur adipisicing elit. Sequi, cum esse possimus officiis amet ea voluptatibus libero! Dolorum assumenda esse, deserunt ipsum ad iusto! Praesentium error nobis tenetur at, quis nostrum facere excepturi architecto totam.

Lorem ipsum dolor sit amet consectetur adipisicing elit. Inventore, soluta alias eaque modi ipsum sint iusto fugiat vero velit rerum.

General

Sit amet consectetur adipisicing elit. Sequi, cum esse possimus officiis amet ea voluptatibus libero! Dolorum assumenda esse, deserunt ipsum ad iusto! Praesentium error nobis tenetur at, quis nostrum facere excepturi architecto totam.

Lorem ipsum dolor sit amet consectetur adipisicing elit. Inventore, soluta alias eaque modi ipsum sint iusto fugiat vero velit rerum.

Do you agree to our terms? Sign up

Naira records significant appreciation against the dollar at the black market weekly

Published on March 29, 2025 at 07:28 AM

The Naira appreciated significantly against the dollar at the parallel foreign exchange market weekly from March 24 to 28, 2025.

This comes as data from Bureau De Change Operators showed that the Naira strengthened to N1,550 per dollar on Friday, from N1,570 recorded at the start of the week.

The development means that the Naira in the past five days gained N20 against the dollar.

Meanwhile, on a week-on-week basis, the naira depreciated by N7.47 per dollar at the official market, compared to N1,531.19 at the start of the week.

This showed that the Naira had mixed performance sentiments against the dollar and other currencies at the FX markets in the week under review.

DAILY POST reports that the CBN Governor, Olayemi Cardoso, in his statement to the February 2025 Monetary Policy Committee, spoke on the need to maintain a heightened level of surveillance in the country’s foreign exchange market by rooting out bad players.