Naira Down to N1,565/$ in Parallel Market

by Nathaniel Irobi

July 8, 2025

in Business

Naira’s Appreciation Deepens, Gaining N12.34 Against Dollar

VIEWS

Facebook Twitter Whatsapp Email Telegram

The naira yesterday depreciated to N1,565 per dollar in the parallel market from N1,560 per dollar last weekend.
Similarly, the Naira depreciated to N1,529.5 per dollar in the Nigerian Foreign Exchange Market (NFEM).

Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to N1,529.5 per dollar from N1,528.5 per dollar last weekend, indicating N1 depreciation for the naira.

Brent oil prices rise above $100 first time since late May

Google to allow users sign in with selfie video

Telcos demand FCCPC, NCC framework to prevent airtime credit disruptions

Consequently, the margin between the parallel market and NFEM rate widened to N35.5 per dollar from N31.5 per dollar last week.

ALSO READ: Queues return To Lagos, Abuja After Tinubu’s Petrol subsidy Removal Speech

Tags: Naira Parallel Market

Navigating Challenges: IMF Urges Nigeria to Prioritise Growth and Fiscal Responsibility

Nathaniel Irobi

Brent oil prices rise above $100 first time since late May

by Elanza

July 23, 2026

Oil prices surged past $100 a barrel on Thursday as Iran-backed Houthi rebels targeted Red Sea shipping as threats by...

Google to allow users sign in with selfie video

by Elanza

July 23, 2026

Google has unveiled a new selfie video sign-in feature that allows users to access their accounts using facial verification, marking...

Court Blows Whistle on FCCPC’s Airtime Lending Bid

Telcos demand FCCPC, NCC framework to prevent airtime credit disruptions

by Elanza

July 22, 2026

By Abubakar Yunus Telecommunications operators have urged the Federal Competition and Consumer Protection Commission and the Nigerian Communications Commission to...