Categories: BusinessNews

Naira depreciates against dollar in forex market

The naira depreciated across the foreign exchange (FX) market on Wednesday, July 30, 2025, trading at N1,550 against the United States dollar.

By the close of trading at the parallel market, fondly called black market, the naira, on Wednesday, weakened by 1.2% to close at N1,550 per dollar, compared to N1,532 quoted the last week.

This represents a N18 loss against the dollar.

FCTA to launch mandatory hepatitis screening for food handlers

Data published by the Central Bank of Nigeria (CBN) showed that the local currency also depreciated slightly at the official Nigerian Foreign Exchange Market (NFEM).

The dollar was quoted at N1,534.52 on Wednesday, compared to N1,533.18 quoted on Tuesday, indicating a marginal N1.34 drop.

The Star

Segun Ojo

Recent Posts

Tinubu approves N10bn emergency fund for ebola preparedness

President Bola Ahmed Tinubu has approved the release of N10 billion in emergency funding to…

25 minutes ago

Atiku backed rotational presidency after June 12 annulment — Akume

The Secretary to the Government of the Federation (SGF), George Akume, has revealed that former…

1 hour ago

Kwankwaso opens door to reconciliation with Yusuf

Former Kano State Governor and leader of the Kwankwasiyya movement, Rabiu Musa Kwankwaso, has expressed…

2 hours ago

Umahi gives Abuja-Lokoja road contractors 72-hour deadline to resume work

The Minister of Works, David Umahi, has issued a 72-hour ultimatum to contractors handling the…

2 hours ago

Real Madrid sack Arbeloa, set to appoint Mourinho as new coach

Real Madrid have terminated the appointment of Alvaro Arbeloa as the club’s head coach. The…

3 hours ago

NUPRC fixes June 12 deadline for 2025 oil block bid submissions

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced Friday, June 12, 2026, as the…

4 hours ago

This website uses cookies.