Business & Economy
Naira appreciates steadily against Dollar
The Nigerian Naira continued its upward momentum against the US Dollar throughout the week, closing stronger on Friday at ₦1,580.44 per Dollar in the official foreign exchange market.
According to figures published on the Central Bank of Nigeria’s (CBN) website, the local currency appreciated by ₦4.51k on Friday alone, representing a 0.28% increase from Thursday’s closing rate of ₦1,584.95.
The Naira’s performance has been steadily positive, with daily gains recorded since the start of the trading week.
On Monday, May 19, the exchange rate stood at ₦1,598.68. By Tuesday, it had improved to ₦1,590.45, and by Wednesday, it reached ₦1,584.49—reflecting sustained confidence in the market.
These gains suggest increased investor confidence and improved forex supply, contributing to the naira’s performance.
Meanwhile, the CBN, at its 300th Monetary Policy Committee meeting held Monday and Tuesday, retained the Monetary Policy Rate at 27.5 per cent.
How Jonathan plotted my removal as Borno Governor – Shettima
NCC moves to protect telecom infrastructure, launches crackdown on vandalism
Tinubu never supported Buhari’s candidacy – Lauretta Onochie
Lagos LG Polls: Air Peace halts flights for 12 hours Saturday
Kano govt gets new chief of staff, DG special services
Senate approves bill to upgrade FCE Asaba to Federal University of technology
Teenager sentenced to life imprisonment for murder of FUTMinna lecturer
Tinubu never stopped 5-Year non-immigrant visa for U.S citizens, says Presidency
Akume denies interest in APC chairmanship
Customs confiscates container of Donkey genitals on Kaduna-Abuja highway
Napoli turns down Galatasaray’s €75M third bid for Osimhen
Super Eagles slip to 44th in latest FIFA rankings
BREAKING: Senate oust Natasha as Diaspora Committee Chair, appoints replacement
Amotekun fires six pregnant recruits in Ogun
Army repels massive bandits attack in Kebbi communities
BREAKING: UAE tightens entry requirements for Nigerians, bans transit visa applications
Protest erupts in Ghana over coronation of Nigerian Igbo king
NECO releases 2025 BECE results, schedules resit for July 23–24
99.9% of arrested kidnappers in Anambra are Igbos, not Fulani – Gov Soludo
Federal University, Lafia announces 2025/2026 Post-UTME screening — See requirements, how to apply
Again, Dangote reduces petrol price to N820 per litre
Chelsea beats Fluminense to reach FIFA CWC Final
FCT Teachers suspend Three-Month strike
Buhari’s stature, CPC’s popularity delivered victory for APC in 2015, not Tinubu – Boss Mustapha
Why I would love to be married again – Actress Bukky Wright reveals
PSG thrash Real Madrid 4-0 to book CWC final spot against Chelsea
Ganduje named FAAN board chairman
BREAKING: Senate oust Natasha as Diaspora Committee Chair, appoints replacement
Flood sweeps pupil in Edo
