{"id":117197,"date":"2025-04-09T12:48:39","date_gmt":"2025-04-09T11:48:39","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=117197"},"modified":"2025-04-09T12:48:39","modified_gmt":"2025-04-09T11:48:39","slug":"naira-rises-to-n1612-after-hitting-n1655-peak","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/","title":{"rendered":"Naira rises to N1,612 after hitting N1,655 peak"},"content":{"rendered":"<div style=\"text-align: justify;\">Daniel Adaji<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The naira recorded a marginal appreciation on Tuesday, following a series of currency interventions by the Central Bank of Nigeria (CBN), which injected $321m into the market over three trading days.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">According to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira traded at an average rate of N1,612.97\/$ on Tuesday, improving slightly from Monday&#8217;s N1,612.24\/$.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The closing rate also strengthened to N1,615.00\/$, compared to the previous day\u2019s figure. Trading ranges tightened, with the highest rate dropping to N1,634.00\/$ from Monday\u2019s peak of N1,655.00\/$, and the lowest rate remaining stable at N1,589.00\/$.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">This modest gain followed a sharp depreciation on April 7, when the naira hit its weakest level in recent sessions, despite the CBN\u2019s aggressive market intervention.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The slight rebound reflects a tentative market correction after the CBN\u2019s intervention, aimed at addressing persistent pressure on the local currency.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Despite the gain, the FX landscape remains fragile, with analysts warning that lasting stability will require structural reforms beyond temporary liquidity support.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Daniel Adaji The naira recorded a marginal appreciation on Tuesday, following a series of currency interventions by the Central Bank of Nigeria (CBN), which injected $321m into the market over&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":112066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-117197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Naira rises to N1,612 after hitting N1,655 peak - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira rises to N1,612 after hitting N1,655 peak - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"Daniel Adaji The naira recorded a marginal appreciation on Tuesday, following a series of currency interventions by the Central Bank of Nigeria (CBN), which injected $321m into the market over&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/\" \/>\n<meta property=\"og:site_name\" content=\"Pointblank News\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-09T11:48:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/Olayemi-Cardos-CBN-Governor.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"2094\" \/>\n\t<meta property=\"og:image:height\" content=\"1380\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Our Reporter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Our Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/\"},\"author\":{\"name\":\"Our Reporter\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"headline\":\"Naira rises to N1,612 after hitting N1,655 peak\",\"datePublished\":\"2025-04-09T11:48:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/\"},\"wordCount\":177,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/Olayemi-Cardos-CBN-Governor.webp\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/\",\"name\":\"Naira rises to N1,612 after hitting N1,655 peak - Pointblank News\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/Olayemi-Cardos-CBN-Governor.webp\",\"datePublished\":\"2025-04-09T11:48:39+00:00\",\"author\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"breadcrumb\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/#primaryimage\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/Olayemi-Cardos-CBN-Governor.webp\",\"contentUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/Olayemi-Cardos-CBN-Governor.webp\",\"width\":2094,\"height\":1380},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pointblanknews.com\/pbn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Naira rises to N1,612 after hitting N1,655 peak\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/\",\"name\":\"Pointblank News\",\"description\":\"Just the news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\",\"name\":\"Our Reporter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"caption\":\"Our Reporter\"},\"url\":\"https:\/\/pointblanknews.com\/pbn\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Naira rises to N1,612 after hitting N1,655 peak - Pointblank News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/","og_locale":"en_US","og_type":"article","og_title":"Naira rises to N1,612 after hitting N1,655 peak - Pointblank News","og_description":"Daniel Adaji The naira recorded a marginal appreciation on Tuesday, following a series of currency interventions by the Central Bank of Nigeria (CBN), which injected $321m into the market over&hellip;","og_url":"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/","og_site_name":"Pointblank News","article_published_time":"2025-04-09T11:48:39+00:00","og_image":[{"width":2094,"height":1380,"url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/Olayemi-Cardos-CBN-Governor.webp","type":"image\/webp"}],"author":"Our Reporter","twitter_misc":{"Written by":"Our Reporter","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/#article","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/"},"author":{"name":"Our Reporter","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"headline":"Naira rises to N1,612 after hitting N1,655 peak","datePublished":"2025-04-09T11:48:39+00:00","mainEntityOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/"},"wordCount":177,"commentCount":0,"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/Olayemi-Cardos-CBN-Governor.webp","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/","url":"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/","name":"Naira rises to N1,612 after hitting N1,655 peak - Pointblank News","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/#primaryimage"},"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/Olayemi-Cardos-CBN-Governor.webp","datePublished":"2025-04-09T11:48:39+00:00","author":{"@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"breadcrumb":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/#primaryimage","url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/Olayemi-Cardos-CBN-Governor.webp","contentUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/05\/Olayemi-Cardos-CBN-Governor.webp","width":2094,"height":1380},{"@type":"BreadcrumbList","@id":"https:\/\/pointblanknews.com\/pbn\/news\/naira-rises-to-n1612-after-hitting-n1655-peak\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pointblanknews.com\/pbn\/"},{"@type":"ListItem","position":2,"name":"Naira rises to N1,612 after hitting N1,655 peak"}]},{"@type":"WebSite","@id":"https:\/\/pointblanknews.com\/pbn\/#website","url":"https:\/\/pointblanknews.com\/pbn\/","name":"Pointblank News","description":"Just the news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c","name":"Our Reporter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","caption":"Our Reporter"},"url":"https:\/\/pointblanknews.com\/pbn\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/117197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/comments?post=117197"}],"version-history":[{"count":1,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/117197\/revisions"}],"predecessor-version":[{"id":117198,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/117197\/revisions\/117198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media\/112066"}],"wp:attachment":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media?parent=117197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/categories?post=117197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/tags?post=117197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}