Advertisement
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
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.
Advertisement
Latest posts by Segun Ojo (see all)
- Tinubu extends Customs boss Adeniyi’s tenure by 6 months - June 19, 2026
- IGP appoints Anietie Iniedu as Force spokesperson - June 19, 2026
- ‘You’ve not disappointed me’: Tinubu lauds Wike over FCT transformation projects - June 19, 2026
Advertisement
