
Naira







Economists have predicted that the naira will remain stable in the coming days, boosting investors' confidence after the CBN sold $190.40 million in the FX market.

The Central Bank of Nigeria has released the latest exchange rate of naira against the United States Dollar, British pound sterling and also the euro.

Investors are dumping the US dollar in preference for the British pound sterling following the renewed trade war between the US and the European Union.

The Nigerian currency has recorded its highest gains in 30 days, appreciating to N1,579 per dollar, up from N1,583.92 recorded the previous day at NFEM.

Africa's currencies have improved in the last few days, especially the Ghanaian cedi, while the naira continues to remain stable in the foreign exchange markets.

The Nigerian currency, the naira, has maintained stability against the dollar in the forex market on Thursday, May 22, 2025, trading at N1,582.96 per dollar.

The Nigerian currency, the naira continued its rise against the dollar in all foreign exchange markets on Wednesday, May 21, 2025, closing at N1,582.50 per dollar.

The CBN maintains the Monetary Policy Rate at 27.5%, boosting naira value and foreign exchange inflows while signalling improved economic stability.

Tony Elumelu, the Chairman of United Bank for Africa, has commented on the naira’s performance in both the official and unofficial forex markets.
Naira
Load more