The naira appreciated against the United States dollar in the Nigerian Foreign Exchange Market (NFEM), trading at N1,534.5/$ on Tuesday, August 19, 2025.
However, the naira depreciated to N1,555 per dollar in the parallel market from N1,550 per dollar recorded on Monday.
Minister: Nigeria spends $10bn on food imports annually
Advertisement
Data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for the local currency fell slightly to N1,534.5 per dollar from N1,534.8 per dollar on Monday, indicating 30 kobo appreciation for the naira.
The margin between the parallel market and NFEM rate widened to N20.5 per dollar from N15.2 per dollar on Monday.
Latest posts by Segun Ojo (see all)
- Russia’s oil firm Lukoil to sell foreign assets to US Carlyle Group - January 29, 2026
- 2025/2026 session: UNIBEN admits over 15,000 students for first time - January 29, 2026
- FCTA workers appeal court verdict, resume strike - January 29, 2026
Advertisement
