The Naira continued to appreciate against the dollar at the parallel foreign exchange market on Wednesday, February 19, 2025.
However, the Central Bank of Nigeria (CBN) has yet to update the official rates again, almost 24 hours after the market closed.
At the black market, the Naira gained N10 against the dollar to trade at N1,535/$1 as against the N1,545/$1 it traded the previous day.
At the official market, the Central Bank of Nigeria only has the Tuesday’s rate of N1,507,22/$1 but yet to update FX data for Wednesday, February 18, 2025, on its website as of the time of filing this report at 8.30 am on Thursday, February 20, 2025.
The naira gained N15 against the British Pound to trade at N1,950/£1 as against the previous day’s rate of N1,965\£1.
The Canadian Dollar still traded at N1,150/CA$1, same as the previous day’s rate of N1,150/CA$1.
The naira gained N5 against the Euro to trade at ₦1,595/€1 as against the previous day’s rate of ₦1,600/€1.
