Naira records significant appreciation against dollar

The naira appreciated significantly at the official foreign exchange market to end the week stronger.

FMDQ data showed that the naira strengthened to N1,531.20 against the dollar on Friday from N1,548.59 on Thursday. This showed that the naira gained N17.39.

Meanwhile, on the black market, the naira closed at N1,660 per dollar on Friday from N1,650, exchanged on Thursday.

DAILY POST reports that in the week under review, the naira recorded more gains than losses.

This comes as the naira gained N16.38 per dollar on a week-on-week basis.

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During the week, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, said that the country’s economy is expected to grow in 2025.

Naira records significant appreciation against dollar