Business

Naira To Dollar Rate Records Highest Gain

News Update

Latest on exchange rate, with the recent positive performance of the naira, analysts say the financial markets have responded positively to the Financial Action Task Force (FATF) removal of Nigeria from its grey list of countries with money laundering and terrorist financing risks.

The naira hit a 10-month high of N1,444.42/$ at the official markets last Wednesday while closing the month at N1, 1422/$, according to the Nigeria Foreign Exchange Market (NFEM) data released by the Central Bank of Nigeria (CBN) as more dollar holders offload their positions.

The recent CBN reforms in the financial markets are tipped as major considerations driving the positive market sentiments and expected investment inflows to the domestic economy.

MESSAGE us @ https://Wa.me/+2348072633727 for business relationship, Advert, PR, Publicity, Awareness, Interviews, Feature Stories, Press Release/Statement and so on…

The naira is recording strong gains following last week’s exit of Nigeria from the Financial Action Task Force (FATF) grey list.

VAM News

Recent Posts

Ekiti 2026: INEC opens portal for ad-hoc staff recruitment

News Update The INEC has announced vacancies and recruitment portal opening for registration of eligible…

6 hours ago

Osun APC Promises Issue-Based Campaign, Vows To Unseat Adeleke

THE Osun State chapter of the All Progressives Congress, APC, has said it would adopt…

9 hours ago

APC Tasks Uba Sani With Ekiti Governorship Election Campaign Strategy

THE All Progressives Congress (APC) has appointed Uba Sani, Governor of Kaduna State, as Chairman…

22 hours ago

Owo Poly Gets New Rector

News Update APPOINTMENT OF ACTING RECTOR FOR RUFUS GIWA POLYTECHNIC, OWO The Governor of Ondo…

22 hours ago

Content creators land in trouble for using EFCC name, logo

THE Economic and Financial Crimes Commission, EFCC, has cautioned individuals and content creators against the…

2 days ago

Fuel price reduces

Some filling stations across Nigeria have reduced the pump price of petrol as they compete…

2 days ago