Naira appreciates massively against dollar on week-on-week basis

The Nigeria’s currency, the naira appreciated massively against the dollar at both official and parallel foreign exchange markets on a week-on-week basis. Central Bank of Nigeria’s exchange rate data from 16th to 23rd May 2025 showed that the naira appreciated significantly to N1,580.44 per dollar from N1,598.72. This means that on a week-on-week basis, the [...]Naira appreciates massively against dollar on week-on-week basis

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