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Currencies: The naira and the Dirham strengthen

13/10/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The naira strengthened by 10.50 N in one week thanks to the sustained liquidity in the foreign exchange market. From On the Moroccan side, Bank Al-Maghrib (BAM) Claims that the Dirham appreciated by 0.7% against the euro from 02 to 08 October.

At the close of trading on Friday, the naira stood at 1 455.17 N for one US dollar, an increase of 0.7% compared to 1 465.67 N recorded the previous Friday, according to data published by the Central Bank of Nigeria (CBN). On the other hand, the naira weakened slightly on the parallel market, also called the black market. It lost 0.5% for closed at 1,492 naira for one dollar on Friday, compared to 1,485 naira for one dollar the day before.

During the five days of trading, the local currency has earned 15.09 naira, or 1.04 per cent, compared to the rate of 1,470.26 naira of Monday, to end the week at 1,455.17 naira to the dollar on the market Nigerian Foreign Exchange (NFEM). On a daily basis, the naira appreciated by 11.48 naira, or 0.78%, from 1,466.65 naira on Thursday to 1,455.17 Nairas on Friday.

For its part, the Dirham appreciated by 0.7% against the euro and depreciated by 0.3% against the euro of the US dollar, during the period from 02 to 08 October 2025, according to Bank Al-Maghrib (BAM). During During this period, no tendering operations were carried out on the market Foreign exchange rates, states BAM in its recent indicator bulletin weeklies.

With regard to Bank interventions power plant, their volume amounted to 143.5 billion MAD on a daily average, divided between 7-day advances for MAD 66.6 billion, pensions delivered to more long-term loans (MAD 43.5 billion) and guaranteed loans (MAD 33.4 billion

).
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