BUSINESS DAY NG
The naira began the new year trading at a stable rate across various foreign exchange (FX) markets, maintaining a relatively consistent performance as observed on Thursday.
At the official market, also known as the Nigerian Foreign Exchange Market (NFEM) the currency opened at N1,538.50 to the dollar, as reported by data from the Central Bank of Nigeria (CBN).
This rate showed only a slight movement from the N1,535 recorded on Tuesday, which was the final trading day of 2024.
Further details from market activities indicated that authourised dealers quoted the dollar at a peak rate of N1,545 on Thursday, which represented an improvement compared to the N1,550 quoted on the previous trading day. This minor shift suggested a marginal strengthening of the naira at the top end of dealer transactions…
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