Naira gains for three straight days in official market but UK Pounds falls to N2,155

Naira gains for three straight days in official market but UK Pounds falls to N2,155 (Nairametrics)

22 May 2025 08:50 am

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The Nigerian naira has been on a positive trend in the official market for the past three days gaining against the US dollar. This is a welcome development for the countrys economy as the naira has been struggling in recent months. However the UK pound has fallen to N215.5 which is a decrease from its previous rate. This could be attributed to the ongoing economic challenges faced by the UK due to the COVID-19 pandemic. The nairas recent gains may be a result of increased Central Bank intervention and improved oil prices. It remains to be seen if this positive trend will continue in the coming days.

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Link to Original Story: https://nairametrics.com/2025/05/22/naira-gains-for-three-straight-days-in-official-market-but-uk-pounds-falls-to-n2155/

Discussion Points:

Responses

1) With the Naira strengthening officially but foreign currencies still costly, What does that say about the true state of Nigeria’s economy? 0
2) The Naira’s three-day gain is a good sign, but with the Pound still over ₦2,100, Do you think everyday Nigerians will feel any real relief soon? 0
3) With the Naira gaining strength officially, Do you see the ease in inflation on goods and services soon? 0

1) With the Naira strengthening officially but foreign currencies still costly, What does that say about the true state of Nigeria’s economy?

0 Replies

0 Reply
2) The Naira’s three-day gain is a good sign, but with the Pound still over ₦2,100, Do you think everyday Nigerians will feel any real relief soon?

0 Replies

0 Reply
3) With the Naira gaining strength officially, Do you see the ease in inflation on goods and services soon?

0 Replies

0 Reply

22 May

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