Naira ends week stronger towards Greenback

The Naira additional appreciated within the official market on Friday, buying and selling at N1,474.78 to the Greenback. Knowledge from the FMDQ Securities Alternate official foreign currency trading platform revealed that the Naira gained N11.17.

This represents a 0.7 per cent enhance in comparison with the day past’s buying and selling determine on Thursday, when the native foreign money closed at N1,485.95 to the Greenback.

Buying and selling within the Buyers and Exporters (I&E) Foreign exchange window on Friday noticed a excessive of N1,495.01 and a low of N1,447.50.

The Naira has remained steady towards the US Greenback since December 2024, supported by sustained reforms from the Central Bank of Nigeria (CBN).

The reforms aimed toward making certain transparency within the international alternate (FX) market.

CBN Governor Olayemi Cardoso, talking in Abuja on Thursday on the 2025 Financial Coverage Discussion board, acknowledged that current reforms within the FX phase had continued to draw international investments.

Cardoso reassured that the apex financial institution would maintain efforts to make sure continued inflows. (NAN)