Categories: BusinessNews

Naira depreciates against dollar in official market

The naira depreciated to N1,513 against the United States dollar in the Nigerian Foreign Exchange Market (NFEM) on Monday, September 8, 2025.

However, the naira appreciated to N1,530 per dollar in the parallel market from N1,535 per dollar recorded last Thursday.

TUC rejects 5% tax on petroleum products, threatens nationwide strike  

Data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for the local currency rose to N1,513 per dollar from N1,511.5 per dollar last Thursday, indicating N1.5 depreciation for the currency.

The margin between the parallel market and NFEM rate narrowed to N17 per dollar from N23.5 per dollar last Thursday.

The Star

Segun Ojo

Recent Posts

FG arraigns Borno youth leader Kaigama over terrorism charges

The Federal Government has arraigned the President of the Borno State Youths Association (BOSYA), Samaila…

1 hour ago

NSCDC uncovers theft at Jigawa nursing school, arrests four

Operatives of the Nigeria Security and Civil Defence Corps (NSCDC) have arrested four suspects over…

2 hours ago

Finance ministry debunks N50,000 recruitment fee, warns applicants

The Federal Ministry of Finance has disowned a fake message demanding N50,000 from newly recruited…

2 hours ago

DSS re-arraigns convicted Ansaru commanders, others over Oyo teachers’ killings

The Department of State Services (DSS) on Wednesday rearraigned two convicted Ansaru terrorist commanders and…

3 hours ago

Police detain Osun SSG, recover cash during raid

The Osun State Police Command has detained Secretary to the State Government, Teslim Igbalaye, along…

3 hours ago

Reps panel declares PFIPC DG’s appointment letter forged

The House of Representatives Ad Hoc Committee probing the activities of the controversial Presidential Foreign…

3 hours ago

This website uses cookies.