Categories: BusinessNews

Naira trades N1,536/$ in official market

The naira appreciated against the United States Dollar to N1,536.8/$ in the Nigerian Foreign Exchange Market (NFEM) on Tuesday, August 12, 2025.

The naira also appreciated to N1,555 per dollar in the parallel market from N1,560 per dollar recorded on Monday.

Data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for the local currency fell to N1,536.8 per dollar from N1,538.4 per dollar on Monday.

Dangote refinery reduces petrol price

This showed a N2.2 appreciation for the currency.

The margin between the parallel market and NFEM rate narrowed to N18.2 per dollar from N21.6 per dollar on Monday.

The Star

Segun Ojo

Recent Posts

World Cup: Morocco earn comeback win over Haiti to reach last 32

Morocco confirmed their progress to the World Cup last 32 but twice had to come…

4 minutes ago

Oil prices fall to lowest level since US-Iran war began

Oil prices extended their losses on Thursday, June 25, 2026, falling to levels close to…

51 minutes ago

South Africa defeat South Korea to reach World Cup knockout stage for first time

South Africa celebrated a first World Cup knockout qualification with jubilant scenes on Wednesday after…

53 minutes ago

2027: Amaechi attends Deeper Life crusade in Abuja

The former Minister of Transportation, Rotimi Amaechi, on Wednesday attended the opening session of the…

2 hours ago

Oyo govt raises 2026 budget to N1.1trn

The Oyo State Government has increased its 2026 budget from N892 billion to N1.1 trillion.…

2 hours ago

One dead, 7 injured as trucks rams into APC campaign in Osun

One person has been confirmed dead, while seven others were injured after a trailer rammed…

2 hours ago

This website uses cookies.