At the end of June, the naira gained strength against the US dollar, with a month-on-month appreciation of up to N56 or 3.66 percent.
As per the data from the Nigerian Foreign Exchange Market, on May 30, 2025, the local currency was exchanged for the dollar at a rate of N1,585.
Data from the Central Bank of Nigeria (CBN) showed an injection of more than $96 million into the official foreign exchange (FX) market last week
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