Categories: BusinessNews

Naira appreciates against dollar in parallel market

The naira appreciated to N1,555 against the United States dollar in the parallel market on Monday, August 4, 2025.

The naira appreciated from N1,560 per dollar last weekend.

The local currency also appreciated to N1,533.8 per dollar in the Nigerian Foreign Exchange Market (NFEM).

NNPC raises petrol price to N955/litre in Abuja, N915 in Lagos

Data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for the naira fell to N1,533.8 per dollar from N1,535.5 per dollar last weekend, indicating N1.7 appreciation for the naira.

The margin between the parallel market and NFEM rate narrowed to N21.2 per dollar from N24.5 per dollar last Friday.

The Star

Segun Ojo

Recent Posts

FG approves ₦1trn metropolitan rail project for Kano

The Federal Government has approved a ₦1 trillion Metropolitan Rail Service for Kano State to…

6 hours ago

Kano records five fire incidents within 24 hours

The Kano State Fire Service has confirmed that five separate fire outbreaks occurred in different…

9 hours ago

Fayemi denies reports of secret meeting with Kwankwaso

Former Ekiti State Governor, Dr Kayode Fayemi, has dismissed claims that he recently held a…

10 hours ago

PSC promotes AIG, 2 CPs, over 26,000 Inspectors

The Police Service Commission (PSC) has approved the promotion of one Assistant Inspector-General of Police…

10 hours ago

Wike cautions JUAC against disobeying court orders

Minister of the Federal Capital Territory (FCT), Nyesom Wike, has cautioned FCT workers under the…

10 hours ago

Constitution amendment: Uba Sani pushes for reserved seats for women

Kaduna State Governor, Uba Sani, has called for the adoption of reserved legislative seats for…

10 hours ago

This website uses cookies.