Naira Continues Appreciation On Official Market

April 3, 2025

Naira Continues Appreciation On Official Market

The naira continued appreciating against the dollar on Wednesday at the official foreign exchange market after the Eid-el-Fitr holidays.

The Central Bank of Nigeria’s data showed that the naira strengthened to N1,531.25 per dollar on Wednesday from N1,536.82 recorded last Friday.

This means that the naira gained N5.57 per dollar on a day-to-day basis.

Meanwhile, on the black market, the naira depreciated to N1,555 per dollar on Wednesday from N1,550 traded on Friday before the Eid-el-Fitr holidays.

Over the weekend, the Central Bank of Nigeria announced that the Net Foreign Exchange Reserve, NFER, stood at $23.11 billion, the highest level in over three years.

Post Views: 13

About Author

Abiodun Apoeso

Abiodun Apoeso is a skilled content writer and digital marketing specialist with a passion for crafting compelling stories and driving online engagement. With expertise in SEO, social media marketing, and content strategy, he helps brands build strong digital identities and connect with their target audiences.

Abiodun has worked with businesses across various industries, creating high-quality content that boosts visibility and conversions. His ability to blend creativity with data-driven strategies ensures impactful marketing campaigns that deliver results.

When he’s not writing or optimizing content, Abiodun stays updated on industry trends, exploring new ways to enhance brand growth in the digital space.

View All Articles

Check latest article from this author !