{"id":164155,"date":"2025-05-25T16:10:18","date_gmt":"2025-05-25T15:10:18","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-appreciates-massively-against-dollar-on-week-on-week-basis"},"modified":"2025-05-25T17:19:54","modified_gmt":"2025-05-25T16:19:54","slug":"naira-appreciates-massively-against-dollar-on-week-on-week-basis","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciates-massively-against-dollar-on-week-on-week-basis","title":{"rendered":"Naira appreciates massively against dollar on week-on-week basis"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Nigeria\u2019s currency, the naira appreciated massively against the dollar at both official and parallel foreign exchange markets on a week-on-week basis.<\/p>\n<p>Central Bank of Nigeria\u2019s exchange rate data from 16th to 23rd May 2025 showed that the naira appreciated significantly to N1,580.44 per dollar from N1,598.72.<\/p>\n<p>This means that on a week-on-week basis, the naira strengthened by N18.28 or 1.1 percent against the dollar at the official market.<\/p>\n<p>Similarly, at the black market, the naira gained N20 to close on Friday at N1,615 per dollar in the period under review.<\/p>\n<p>CBN governor Olayemi Cardoso, at the end of the 300th Monetary Policy Committee meeting, said the naira has become a more stable and competitive currency.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Nigeria\u2019s currency, the naira appreciated massively against the dollar at both official and parallel foreign exchange markets on a week-on-week basis. Central Bank of Nigeria\u2019s exchange rate data from 16th to 23rd May 2025 showed that the naira appreciated significantly to N1,580.44 per dollar from N1,598.72. This means that on a [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":164154,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29,28,2660],"tags":[1623,254],"class_list":["post-164155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-to-homepage","tag-naira","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Naira appreciates massively against dollar on week-on-week basis - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigeria\u2019s currency, the naira appreciated massively against the dollar at both official and parallel foreign exchang ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciates-massively-against-dollar-on-week-on-week-basis\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira appreciates massively against dollar on week-on-week basis\" \/>\n<meta property=\"og:description\" content=\"The Nigeria\u2019s currency, the naira appreciated massively against the dollar at both official and parallel foreign exchang ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciates-massively-against-dollar-on-week-on-week-basis\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-25T15:10:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-25T16:19:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/05\/sm_1748177421.445036.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciates-massively-against-dollar-on-week-on-week-basis#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciates-massively-against-dollar-on-week-on-week-basis\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira appreciates massively against dollar on week-on-week basis\",\"datePublished\":\"2025-05-25T15:10:18+00:00\",\"dateModified\":\"2025-05-25T16:19:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciates-massively-against-dollar-on-week-on-week-basis\"},\"wordCount\":136,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciates-massively-against-dollar-on-week-on-week-basis#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/05\/sm_1748177421.445036.jpg\",\"keywords\":[\"naira\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"homepage-english\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciates-massively-against-dollar-on-week-on-week-basis#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciates-massively-against-dollar-on-week-on-week-basis\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciates-massively-against-dollar-on-week-on-week-basis\",\"name\":\"Naira appreciates massively against dollar on week-on-week basis - 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