The naira depreciated to N1,565 against the United States dollar in the parallel market on Tuesday, August 5, 2025.
The naira dropped from N1,555 per dollar recorded on Monday.
However, the local currency appreciated to N1,533.5 per dollar in the Nigerian Foreign Exchange Market (NFEM).
‘It’ll accelerate $1trn economy’: Tinubu signs insurance reform bill into law
Data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for the naira fell to N1,533.5 per dollar from N1,533.8 per dollar on Monday, indicating 30 kobo appreciation for the naira.
The margin between the parallel market and NFEM rate widened to N31.5 per dollar from N21.2 per dollar on Monday.
Valencia CF coach Fernando Martin has died with three members of his family after their…
No fewer than 13 people have been confirmed dead after an Interoceanic Train carrying 250…
Former Anambra State Governor Peter Obi has declared that he will not be a vice-presidential…
Two men posing as members of the Nigeria Forest Security Services (NFSS) have been arrested…
Nigeria’s Minister of Defence, Major General Christopher Musa (retd.), has reflected on what he described…
The Oyo State government has alleged that part of the Federal Government’s promised financial support…
This website uses cookies.