Naira Hits Strongest Level of 2025 at Official FX Market
[NigerianEye - Nigeria] - 3/10/2025
The naira on Thursday appreciated to N1,455.23 per dollar at the official foreign exchange (FX) market, marking a 1.36 percent gain from the N1,475.34/$ recorded on September 30. This is the first time the currency has traded in the N1,400 range since May 2024.The latest performance represents the naira’s strongest showing in 2025 and the best level since the Central Bank of Nigeria (CBN) introduced the Electronic Foreign Exchange Matching System (EFEMS) in December 2024. At the time of the transition, the naira had weakened to around N1,660/$ at the official window.In his Independence Day (…)
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