Naira gains 0.7% against dollar to close week strong
The naira closed the week bullish on Friday, trading at N1,487.89 to the dollar at the official market.
According to Central Bank of Nigeria (CBN) data, the currency gained N11.08, representing a 0.7 per cent appreciation from Thursday’s N1,498.97.
The naira also opened the trading week bullish on Monday, gaining N4.03 against the dollar at the official market.
However, it slightly depreciated on Tuesday, Wednesday and Thursday, trading at N1,484.13; N1,494.01 and N1,498.97 respectively.
Analysts commended the naira’s steady recovery, attributing the gains to CBN’s reforms aimed at reducing pressure on the local currency.
Members of CBN’s Monetary Policy Committee also predicted continued appreciation in their personal statements during the 301st MPC meeting in July 2025.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Police nab four suspects for alleged child trafficking in Abia
Ms Chinaka said the suspects allegedly conspired to steal a four-day-old baby from her mentally unstable mother.
Agriculture
Enugu hires over 160 professionals to revive livestock production
Mr Ubru said the recruitment was in fulfilment of Governor Peter Mbah’s vision to revamp the agricultural sector.
Heading 2
Plateau government disburses N1.5 billion intervention funds to attack victims
Governor Caleb Mutfwang formally inaugurated the disbursement of the funds on Monday in Jos.
Heading 5
Don’t destroy APC like you did PDP, group warns Wike
Mr Wike has insisted that his major political priority remained securing the re-election of Mr Tinubu in 2027.
Heading 1
Atiku condemns Tinubu’s prolonged vacation abroad, says Nigeria can’t be governed on autopilot
Mr Onanuga said that the president would return to the country at the weekend.
Economy
ECOWAS to honour 60 West African start-ups
The top three start-ups will receive $30,000, $20,000 and $15,000 respectively in seed funding.
