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.
The Nigerian Senate has amended its standing rules, effectively restricting newly elected senators from contesting…
Bukayo Saka scored the only goal as Premier League leaders Arsenal defeated Atletico Madrid 1-0…
Nissan Motor has announced that it will cut about 900 jobs in Europe, around 10%…
A Federal Capital Territory High Court in Abuja has admitted a court judgment as evidence…
At least 23 soldiers of the Chadian Armed Forces have been killed and 26 others…
A Julius Berger employee attached to the Presidential Villa in Abuja told a Federal High…
This website uses cookies.