The Naira appreciated again at the official market on Thursday, trading at N1,485.95 to a dollar....CLICK HERE TO READ THE FULL ARTICLE➤
Data from the FMDQ Security Exchange official forex trading platform revealed that the local currency gained N24.80.
This represented a 0.64 per cent gain, compared to the trading figure on Wednesday, when the Naira closed trading at N1,520.75 to the dollar.
Trading on the Investors and Exporters (I&E) Forex window on Wednesday, the Naira recorded a high of N1,516.00 and a low of N1,470.00.
The Naira has enjoyed relative stability against the US dollar since December 2024, when the Central Bank of Nigeria’s (CBN) introduced sweeping reforms.
The apex bank on Tuesday in Abuja, introduced more measures, leading to additional health for the local currency.
The apex bank approved waivers on the 2025 annual license renewal fee for all existing Bureau De Change (BDC) operators.
CBN also unveiled the Nigeria Foreign Exchange (FX) Code, aimed at sanitising the banking industry to promote ethical conduct.
The code, which is part of CBN’s ongoing reforms, is to sanitise the market to drive transparency and good governance, in line with global best practices. ...CLICK HERE TO READ THE FULL ARTICLE➤
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