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.
The Federal High Court in Abuja has admitted statements and video recordings of six alleged…
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has declared that President Bola…
Former Vice President and presidential candidate of the African Democratic Congress, Atiku Abubakar, has condemned…
The Defence Headquarters (DHQ) has dismissed reports of a secret ceasefire agreement between the Federal…
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has dismissed Peter Obi's presidential…
The Kaduna State Internal Revenue Service (KADIRS) has generated about N90 billion revenue, with a…
This website uses cookies.