
Naira







The naira rebounded on Wednesday, April 23, 2025, closing at N1,603 to a dollar from N1,606 the previous day following the crash of the US dollar to a three-year low

A new ranking has shown the strongest African currencies in April 2025 that have maintained resilience and overcome tough economic headwinds this year.

Money and credit statistics on the CBN's website show that as of March 2025, there was N5 trillion in naira in circulation, down from N5.04trn in February 2025.

The Central Bank of Nigeria recorded its biggest dollar sales on Nigerian Foreign Exchange Market (NFEM) amid continue pressure on naira exchange rate.

The Nigerian currency has crashed against the US dollar, shortly after the US currency hit a three-year low. The naira depreciated to N1,606.50 per dollar.

The US dollar has hit its lowest in three years following President Donald Trump's tariff policies, while the Nigerian naira appreciated against the euro

The Central Bank of Nigeria has released the latest naira to dollar, euro, and other currency exchange rates in both the official and unofficial FX markets.

The Nigeria-China Strategic Partnership has disclosed plans to sign an agreement on digital RMB with China to allow the ease of converting naira to Yuan.

The value of the Nigerian currency has appreciated against the United States Dollar in the official foreign exchange markets amid pressure from lower oil prices.
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