ADVERTISEMENT
TechEconomy
Tuesday, May 27, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home ยป Naira Strengthens for Seventh Consecutive Day, Closes at N1,579/$1 in Official Market

Naira Strengthens for Seventh Consecutive Day, Closes at N1,579/$1 in Official Market

Latifat Fashina by Latifat Fashina
May 27, 2025
in Finance
0
NairaWatch, Naira and dollar
Naira | dollar

Naira | dollar

RelatedPosts

Africa's Cross-Border Payments to Hit $1tr by 2035, Facing $5bn in Annual Inefficiencies

Africa’s Cross-Border Payments to Hit $1tr by 2035, Facing $5bn in Annual Inefficiencies

May 27, 2025

FCTA Seals FIRS, Access Bank Over 25-Year Ground Rent Default

May 26, 2025

The naira strengthened further in the official market on Monday, closing at N1,579/$1 from the last close of N1,580/$1.

Mondayโ€™s appreciation marks one week of consistent improvement for the currency, which began last Tuesday when it closed at N1,584/$1, up from its prior rate of N1,590/$1.

According to data from the Nigerian Foreign Exchange Market (NFEM), the naira’s lowest rate during Mondayโ€™s trading session was N1,578/$1, while the highest rate was N1,583/$1, before settling at the NFEM rate of N1,579.41/$1.

In the parallel market, the naira held its previous rate of N1,610/$1. However, it depreciated to N2,145/ยฃ1 against the British pound, compared to last Friday’s close of N2,140/ยฃ1. Similarly, it also fell against the euro to N1,790/โ‚ฌ1, down from the last close of N1,780/โ‚ฌ1.

The naira has demonstrated a notable upward trend over the past week in the official market, continuously keeping the dollar below the N1,600/$1 in the official market.

This signifies stability and positive momentum amid ongoing reforms aimed at boosting the foreign exchange market efficiency.

Loading

Advertisements
MTN ADS

0Shares
Tags: naira
Previous Post

SBTS Group CEO Evelyn Lewis Named Among Nigeriaโ€™s 50MVPs for Youth-Focused Tech Initiatives

Next Post

Impossibility is a Myth | By Ozichukwu Tagbo-Okeke

Latifat Fashina

Latifat Fashina

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

Related Posts

Africa's Cross-Border Payments to Hit $1tr by 2035, Facing $5bn in Annual Inefficiencies
Finance

Africa’s Cross-Border Payments to Hit $1tr by 2035, Facing $5bn in Annual Inefficiencies

by Joan Aimuengheuwa
May 27, 2025
0

Formal remittance inflows to Africa hit $90.2 billion in 2023, almost double what the continent received in foreign aid

Read more
FCTA Seals FIRS, Access Bank Over 25-Year Ground Rent Default

FCTA Seals FIRS, Access Bank Over 25-Year Ground Rent Default

May 26, 2025
Nigeria's Foreign Portfolio Investments Surge Amid Policy Reforms

Foreign Portfolio Inflow Falls 92.4% in April 2025

May 26, 2025
Nigeriaโ€™s Diaspora Remittances, eBanking and epayment

Nigeria: Diaspora Remittances Hit $328.8m in 4 Months

May 26, 2025
fake Naira notes in circulation | Bonds

FG to Auction N300 Billion Bonds May 26

May 23, 2025
'Odogwu Platform by Customs

How Stanbic is Assisting Customs Streamline B’Odogwu adoption

May 23, 2025
Next Post
MTN GO M.A.D - Kanyeyachukwu 'Kanye' Tagbo-Okeke | Impossible is a myth

Impossibility is a Myth | By Ozichukwu Tagbo-Okeke

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

ยฉ 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

ยฉ 2025 Techeconomy - Designed by Opimedia.

Translate ยป
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.