See latest naira exchange rate against the dollar, euro and pounds

• The worth of the naira continues to speech successful the authoritative and unofficial speech markets supra N1,600 per dollar
• The depreciation of the naira has been a existent interest for the Central Bank of Nigeria arsenic it seeks to amended the monetary broadside of the economy
• Nigeria's overseas reserves person been utilized to guarantee that the naira does not autumn further successful the forex markets

Legit.ng writer Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

The Nigerian currency, the naira, is not having the champion of times against the dollar and different overseas currencies successful the authoritative marketplace and besides unofficial markets.

Data from from the Central Bank of Nigeria showed that the naira successful the Nigerian Foreign Exchange Market (NFEM) closed earlier the easter vacation N1,600.5 a dollar.

Naira speech rates against dollar Photo credit: Bloomberg/contributor
Source: Getty Images

Naira against pound, euro

Also, the Nigerian currency appreciated against the British lb sterling successful the spot marketplace during the trading time by N1.73 to decorativeness astatine N2,120.24/£1 versus Wednesday’s closing worth of N2,121.97/£1.

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While against the naira gained 48 kobo against the euro to settee astatine N1,817.69/€1, successful opposition to the N1,818.17/€1 it was exchanged successful the midweek session.

Snapshot of naira rates successful authoritative market,

Based connected CBN published rates, present is simply a breakdown of the naira's show against different overseas currencies successful the NAFEM marketplace earlier the Easter holiday.

• CFA Franc: N2.77
• Chinese Yuan: N219.16
• Danish Krona: N243.39
• Euro: N1817.69
• Japanese Yen: N11.25
• Saudi Riyal: N426.38
• South African Rand: N85.19
• Swiss Franc: N1956.15
• British Pound: N2120.24
• US Dollar: N1599.94

Naira inactive struggling against dollar successful forex markets Photo credit: Bloomberg/contributor
Source: Getty Images

Naira to dollar achromatic market

In the achromatic market, traders told Legit.ng that the Nigerian currency besides depreciated against the dollar earlier the Easter holiday.

Abudallahi, a BDC trader, said:

"Our offices volition beryllium closed connected Monday, 21st April, 2025 successful observance of the public. Our offices volition reopen and resume mean operations connected Tuesday, 22nd April, 2025."Before the holiday, we sold the dollar astatine N1,605/$1 connected Thursday and bought astatine N1,590. While the lb and the euro exchanged astatine N1700 and N2100."

CBN issues BDC operators warning

According to an earlier study by Legit.ng, the Central Bank of Nigeria issued Bureau de Change operators a informing to comply with its anti-money laundering and counter-terrorism financing framework.

CBN, successful a circular by its manager of the compliance department, Amonia Opusunju, connected Thursday announced a program to statesman “mystery shopping” exercises crossed bureau de alteration (BDC) outlets to fortify compliance with anti-money laundering and counter-terrorism financing regulations.

“BDC operators are reminded that they are required to afloat comply with the provisions of the Money Laundering (Prevention and Prohibition) Act, 2022. Terrorism (Prevention and Prohibition) Act, 2022, regulatory and supervisory guidelines for bureau de alteration operators successful Nigeria, 2024."

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Source: Legit.ng