Categories: BusinessNews

Naira appreciates against dollar in official market

The naira appreciated to N1,522 against the United States dollar in the Nigerian Foreign Exchange Market (NFEM) on Wednesday, September 3, 2025.

However, the naira depreciated to N1,540 against the dollar in the parallel market on Wednesday, from N1,537 per dollar recorded on Tuesday.

Tinubu orders mandatory health insurance for all MDAs    

Data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for the nation’s currency fell to N1,522 per dollar from N1,525.45 per dollar on Tuesday, indicating N3.45 appreciation for the local currency.

The margin between the parallel market and NFEM rate widened to N18 per dollar from N11.55 per dollar recorded on Tuesday.

The Star

Segun Ojo

Recent Posts

Court sentences man to death for neighbour’s kidnap, murder

A Kogi State High Court has sentenced Jibrin Halilu to death for kidnapping and killing…

30 minutes ago

Police probe sale of newborn for N2.5m

The Lagos State Police Command has arrested a medical doctor, a traditional birth attendant and…

43 minutes ago

Bernardo Silva joins Real Madrid on two-year deal

Real Madrid have announced the signing of Bernardo Silva after reaching the end of his…

2 hours ago

Shell appoints Elohor Vice President, Nigeria’s Country Chair as Marno resigns after 34 years

The former Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo), Elohor Aiboni,…

2 hours ago

PIGD hails Mutfwang’s livestock development projects

The Plateau Initiative for Growth and Development has commended Governor Caleb Mutfwang for the groundbreaking…

2 hours ago

Ghana’s Partey loses bid to enter Canada for World Cup

Ghana midfielder Thomas Partey, who is facing trial on rape charges in the United Kingdom,…

2 hours ago

This website uses cookies.