Naira’s Surge To N1,494/USD Boosts Confidence In CBN’s Reforms

Naira’s Surge To N1,494/USD Boosts Confidence In CBN’s Reforms

Newtelegraphng | 24-02-2025 02:04pm |

ShareThe naira continued its bullish momentum, firming up by 1.04 per cent against the U.S. dollar at the official market, closing at ₦1,494.03/USD on Thursday. This appreciation reflects a sustained wave of foreign exchange liquidity, fueled by the Central Bank of Nigeria’s (CBN) non-renewal of dollar swaps and increased participation of banks in forex sales...The post Naira’s Surge To N1,494/USD Boosts Confidence In CBN’s Reforms appeared first on New Telegraph.

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