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Heisjackson
@Heisjackson
added blog in
News
2025-07-03 08:29:20
Breaking: Naira Gains Big In Oficial, Parallel Markets As US Dollar Hits Over 3-year Low.
The Nigerian currency showed some strength in the Nigerian foreign exchange market, while the haven currency dipped to its lowest level since February 2022 in the global currency market. This positive development at the Nigerian official market coincides with a decline in the country’s external reserves, which fell $3.05 billion in the first half of 2025. In particular, the reserves...
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Heisjackson
@Heisjackson
added blog in
News
2025-06-11 06:03:52
Naira appreciates to N1,600/$ in parallel market.
The naira yesterday appreciated to N1,600 per dollar in the parallel market from N1,605 per dollar last week. Likewise, the Naira appreciated to N1,540 per dollar in the Nigerian Foreign Exchange Market (NFEM). The Naira has maintained its appreciation trend since May 29th, gaining N47 against the dollar till date in the official market. Data published by the Central Bank of Nigeria, CBN,...
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