Naira Ends Week On A Positive Note With N1,589/$ At Official Market

The Nigerian Naira ended the week on a positive note across official and parallel segments of the foreign exchange market.

Data published on the Central Bank of Nigeria (CBN) website shows that the naira appreciated at the official market closing trading on Friday, 25 April 2025, at N1,589 against the dollar.

This means the naira gained N16 or 1 per cent when compared to Thursday’s closing rate of N1,605 per dollar.

The CBN data also showed that the Nigerian Foreign Exchange Market (NAFEM) rate was quoted at N1,599.54 per dollar on Friday. The highest rate was N1,605 and the lowest N1,580.

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At the parallel market, also known as the black market, the naira recorded a slight appreciation. It closed at N1,595 against N1,610 traded on Thursday. This reflects N15 gain at the black market on a day-to-day basis.