Nigerian Stock Market Value Depreciates by N54 billion

Published 1 day ago• 1 minute read

emerged as the primary driver of the market's downturn, with its shares plummeting from N5,516 to N4,964.40, marking a loss of N551.60 or 10%.

Naira gains against dollar to new exchange rate

Earlier, Legit.ng reported that the Nigerian currency has recovered against the United States dollar in the official foreign exchange market after three days of losses.

According to data from the Central Bank of Nigeria, the naira closed at N1,587/$1 on Thursday, May 29, 2025.

Thursday's exchange rate represents a slight appreciation of N5 or 0.31% from the previous day’s closing rate of N1,592/$1.

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Source: Legit.ng