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Home Economy Finance

Naira Appreciates in Official Market, Closes at N1,536/$1

by Latifat Fashina
June 27, 2025
in Finance
0
Naira - Dollar
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The naira appreciated in the official market on Thursday, closing at N1,536/$1, a 0.84% improvement from the previous close of N1,549/$1.

This comes after three consecutive days of stability in the highly volatile foreign exchange market.

Data from the Nigerian Foreign Exchange Market (NFEM) showed that the currency traded between N1,534/$1 and N1,549.50/$1 during Thursday’s session.

In the parallel market, the naira also showed slight improvement, appreciating to N1,560/$1, from a previous close of N1,565/$1.

Against the British pound, the naira strengthened to N2,140/£1, compared to its prior close of N2,145/£1. However, it weakened against the euro, falling to N1,765/€1 from N1,760/€1.

The naira’s recent performance shows notable improvement in the foreign exchange market, surging upward after maintaining a period of  stability since the week began.

Sustained efforts and strategic policy implementation from the Central Bank of Nigeria (CBN) will be crucial in achieving long-term stability.

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Latifat Fashina

Latifat Fashina

LATIFAT FASHINA is the Business/Finance Reporter at Techeconomy. She can be reached via: latifat.fashina@techeconomy.ng

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