Naira’s appreciation deepens, gaining N12.34 against dollar
The naira further appreciated on Thursday, trading at N1,553.11 against the dollar in the official foreign exchange market.
Data from the Central Bank of Nigeria showed the naira gained N12.35, representing a 0.79 per cent appreciation when compared to Wednesday’s trading at N1,565.46 per dollar.
The naira has been on a steady appreciation, trading at N1,579.27 on Tuesday and N1,581.58 against the dollar on Monday.
The naira, which also closed the previous week bullish, opened the new week with a gain of N4.56.
These steady gains were recorded even as the recapitalisation for bureau de change operators began on June 3.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Politics
Cross River: PDP begins membership verification
The Peoples Democratic Party in Cross River says it has begun verifying its members in the state as part of efforts to reposition the party.
Economy
Transactions on Nigeria’s stock exchange slump by 56.4%
Amid the slump, the May 2025 issue of the federal government’s savings bonds was listed on the Nigerian Exchange Ltd. (NGX) on Thursday.
Uncategorized
Definition of Cryptocurrencies and Blockchain
The popularity of cryptocurrencies continues to grow every year.
Faith
Etsu Nupe urges Muslims to imitate Prophet Ibrahim
Etsu Nupe made the appeal in his sallah message to Muslims in his domain and other Nigerians on Friday.
Economy
Technological advancement key to future civilisation: Experts
Mr Ke stated this on Friday in Dunhuang during a parallel forum on civilisational reconstruction and renewal in the age of artificial intelligence.
Faith
Nigeria’s religious leaders call for deeper intrafaith, interfaith dialogue
The goal is to foster interfaith dialogue and peacebuilding within the Catholic Church, according to the organisers.
