Categories: BusinessNews

Naira trades N1,535/$ in official market

The naira appreciated to N1,535 against the United States dollar in the Nigerian Foreign Exchange Market (NFEM) on Friday, August 22, 2025.

The naira, however, depreciated to N1,550 per dollar in the parallel market from N1,545 per dollar recorded on Thursday.

House of Reps hails Kaduna over health sector investment

Data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for the local currency fell slightly to N1,535 per dollar from N1,535.5 per dollar on Thursday, indicating 50 kobo appreciation for the naira.

The margin between the parallel market and the NFEM rate widened to N15 per dollar from N9.9 per dollar on Thursday.

The Star

Segun Ojo

Recent Posts

EPL fixtures: Arsenal eye return to top spot as Tottenham battle for survival

Arsenal can reclaim the Premier League summit this weekend as leaders Manchester City focus on…

8 seconds ago

Seun Kuti reveals how mum hid cannabis in bread for Fela Kuti in detention

Afrobeat musician Seun Kuti has shared a personal story about his late parents, revealing how…

55 minutes ago

Wiretapping: El-Rufai pleads not guilty as FG files fresh charges

The Federal Government has expanded the criminal case against former Kaduna State governor, Nasir El-Rufai,…

1 hour ago

FG raised N2.69trn from bond market in Q1 2026 amid strong investor demand

The Federal Government raised N2.69 trillion from the domestic bond market in the first quarter…

1 hour ago

Dangote targets East Africa for new 650,000bpd refinery expansion

Africa’s richest industrialist, Aliko Dangote, has unveiled plans to build a 650,000 barrels-per-day refinery in…

1 hour ago

Oil prices rise over military tensions in Middle East

Oil prices rose on Friday, April 24, 2026, over fears of a renewed military escalation…

2 hours ago

This website uses cookies.