The Naira, which had faced a dip earlier in the previous week, ended on a positive note. On Friday, the currency gained N3.48, signaling a recovery.
On Thursday, May 8, 2025, the Naira had traded at N1,609.64 to the dollar, marking a slight decrease from Monday’s rates but still showing signs of stability within the week.
This fluctuation in the Naira’s value continues to have a significant impact on the broader economic outlook, especially with concerns about inflation and foreign exchange management in Nigeria. The CBN’s monitoring and interventions remain key to stabilizing the currency and maintaining investor confidence.
