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Nigerian economyBusiness

Naira Appreciates By 0.48 Percent At Official Market  

Deji Ogunsola
Last updated: March 5, 2025 12:08 am
By Deji Ogunsola - Journalist
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The Naira appreciated at the official market, trading at 1491.67 to a dollar.

Data from the Central Bank of Nigeria, CBN, Website showed that the Naira gained 7.31 Naira.

According to the data, this represents a 0.48 per cent increase from N1,498.98 per dollar recorded on Monday.

The Naira, seems to have been enjoying relative stability against the dollar since December 2024 due to sustained reforms by the Central Bank of Nigeria, CBN.

The reforms are aimed at ensuring transparency in the foreign exchange, FX, market.

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ByDeji Ogunsola
Journalist
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Deji Ogunsola is a 9News Nigeria news reporter in Lagos State.
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