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![Today's Naira Rate [27-03-2025]: Naira Gains to N1,575/$ in Parallel Market, Official Rate Drops](/data/attachments/214/214842-60e0ff3dc917baac172aaee8ae40e657.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [27-03-2025]: Naira Gains to N1,575/$ in Parallel Market, Official Rate Drops
The naira appreciated to N1,575/$ in the parallel market but depreciated to N1,535/$ in the official forex market, narrowing the rate gap to N40/$. Analysts attribute fluctuations to forex reforms and market demand, urging policy measures for stability. The Naira experienced mixed movements in...- Nigeria News
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- 1 min read
- cbn forex update forex market trends naira exchange rate nigerian currency depreciation parallel market dollar rate
- Category: Business
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Nigeria Afrinvest Predicts Naira Will Depreciate to ₦1,804/$ in 2025 Amid Exchange Rate Challenges
The Nigerian naira is projected to reach N1,804/$ in 2025, reflecting continued volatility despite rising foreign reserves. Afrinvest predicts modest depreciation due to market demand challenges. The 2025 budget assumes an exchange rate of N1,400/$, but the naira may stabilize with increased oil...- Nigeria News
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- 2 min read
- afrinvest report exchange rate volatility naira forecast naira projections 2025 nigerian currency depreciation
- Category: Business
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