Naira continues appreciation against dollar at official window

CBN Raises Over N1 Trillion at Open Market Operation Auction

The Central Bank of Nigeria (CBN) successfully raised over N1 trillion through an Open Market Operation (OMO) auction conducted on April 24, 2025, as part of its monetary policy strategy to manage liquidity in the financial system.The auction, which attracted significant participation from commercial banks and other financial institutions, offered treasury bills with maturities ranging from 91 to 364 days. The CBN’s move aims to mop up excess li…

Naira Now N1,599/$1 at Official Market, N1,605/$1 at Black Market

By Adedapo Adesanya The Naira extended its gains against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Friday, April 25 by 0.22 per cent or N3.59 to sell for N1,599.42/$1 compared with the N1,603.01/$1 it was traded in the previous session. The Nigerian currency also improved its value against the Euro […]

Naira Continues to Hold Ground on Friday - Tech

The naira held its ground on Friday in the official market, as it closed at N1,600/$1, a mild appreciation from the previous day‘s rate of N1,602/$1. The naira has continued to remain relatively stable throughout the week in the foreign exchange market despite continuous demand pressure. The Nigerian currency closed between N1,602.63/$1 and N1,599.55/$1 during the week trading as pressure continued to mount. According to data from the Nigerian F…

Naira records highest appreciation against dollar

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.   Sim…

Naira strengthens 0.14% after week of fluctuations

The Naira closed stronger on Friday in the official market, trading at N1,599.55 to the Dollar, ending a week marked by fluctuations. This recovery follows a period of instability, with the local currency experiencing several days of inconsistent performance. Data from the Central Bank of Nigeria (CBN) indicated that the Naira gained N2.27 against the […] The post Naira strengthens 0.14% after week of fluctuations appeared first on Freedom Onlin…

Naira weakens as exchange rate hits N1,605/$1 at official market

The Nigerian naira continued its depreciation against the US dollar at the official foreign exchange market on Thursday, closing at N1,605/$1.  The post Naira weakens as exchange rate hits N1,605/$1 at official market  appeared first on Nairametrics.