Connect with us

Naira Watch

Naira appreciates against US dollar at official, unofficial markets



Nigerian Naira appreciated against the US Dollar in three segments of the foreign exchange market on Tuesday, April 25th, following the Eid al-Fitr break.

In the official market, the Naira gained value against the Dollar, closing at N463.44/$1.

This represents an increase of 23 Kobo or 0.05%, closing at N463.44/$1 compared to N463.67/$1 in the previous session.

READ ALSO:Naira falls to US dollar at official market ahead of holiday

In the parallel market, the Naira gained N3 against the Dollar, closing at N736/$1 compared to the previous session’s N739/$1.

However, in the interbank segment, the Naira lost value against the Pound Sterling by 71 Kobo, closing at N572.99/£1 compared to N572.18/£1 in the previous session, and against the Euro, it depreciated by 95 Kobo to close at N505.04/€1 versus N504.09/€1.

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now