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.
Former President Olusegun Obasanjo has recalled how his perception of Nigerian entertainer Charles Oputa, popularly…
A former Vice Chancellor of Ahmadu Bello University, Zaria, Professor Daniel Iyorkegh Saror, has recounted…
Brighton produced a dominant display to stun Arsenal 3-0 at the Amex Stadium on Saturday,…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said it does not fix…
President Bola Tinubu has urged state governments to accelerate the deployment of compressed natural gas…
A mother and her four children have reportedly died in a fire that destroyed their…
This website uses cookies.