Business
Naira Strengthens Against Dollar for Second Consecutive Day
The Naira continued its upward trend against the U.S. dollar in the foreign exchange market on Thursday, marking the second consecutive day of appreciation.
According to data from FMDQ, the Naira strengthened to N1,548.59 per dollar, improving from Wednesday’s exchange rate of N1,552.58. This represents a gain of N3.99 against the dollar.
The positive movement was also reflected in the black market, where the Naira closed at N1,650 per dollar on Thursday, compared to N1,660 the previous day.
Meanwhile, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso projected economic growth of 4.17 percent for Nigeria in 2025. The latest developments in the foreign exchange market come as the CBN continues efforts to stabilize the currency and boost investor confidence.
-
Entertainment2 years agoAdanma Luke Appeals for Forgiveness over Junior Pope’s Death: “I’m Gradually Losing My Life, Please Forgive Me”
-
Security News2 years agoRivers: Tension as Gunmen on Speedboat Abduct Fubara, Police Launch Manhunt
-
Security News2 years agoSoldiers in South East Extort, Humiliate Us While Kidnappers Operate Freely Near Checkpoints, Igbo Women’s Group Alleges
-
Politics2 years agoRevealed: Ajuri Ngelale Fired Over Feud with Onanuga, Despite Medical Cover Story
-
General News2 years agoGov. Soludo Seals Peter Obi’s Campaign Office, Edozie Njoku-Led APGA State Office
-
Security News2 years agoEnugwu-Ukwu in Shock: Deadly Ambush Leaves Multiple Dead, Survivors in Fear
-
General News2 years agoVideo: Moment DSS Staff Erupt in Jubilation as News of Bichi’s Sack Announced
-
Breaking News2 years agoJUST IN: Presidential Adviser Ajuri Ngelale Steps Down Temporarily, Cites Reasons