The naira’s strong performance has continued as the local currency appreciated again to close at N1514/$1 at the parallel market on Wednesday, February 19, 2025.
This represents an N11 or 0.72% gain when compared to the N1525/$1 that was recorded on Tuesday, February 18, 2025, as the sustained implementation of the Central Bank of Nigeria (CBN) forex policy by banks and Bureau De Change (BDC) operators impacts the market.
Available data from the CBN shows that the naira remained stable at the official market EFEM market to close at N1,510/$1 on Wednesday, February 19, 2025. This was the same rate that was recorded on Tuesday, February 18, 2025