Naira Watch
Naira appreciates further at black market, trades at N1490/$1, no official figures yet
The Nigerian currency, the naira, appreciated against the American dollar at the black market on Wednesday, February 26, 2025 trading at N1,490/$1.
This is against the previous day’s rate of N1,495/$1 representing a gain of N5 for the local currency.
However, at the official window, the Central Bank of Nigeria (CBN) has yet to release the rate for the day.
READ ALSO: Naira appreciates at both black, official markets, trades at N1485/$1, N1495/$1
The naira closed flat against the British Pound to trade at N1,900/£1 as against the previous day’s rate of N1,900\£1.
The Canadian Dollar still held steady at N1,200/CA$1.
The naira gained N10 against the Euro to trade at ₦1,540/€1 as against the previous day’s rate of ₦1,550/€1.
By: Babajide Okeowo
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