Naira Down to N1,610/$ in Parallel Market

by Nathaniel Irobi

May 8, 2025

in Business

Naira Down to N1,610/$ in Parallel Market

VIEWS

Facebook Twitter Whatsapp Email Telegram

The naira yesterday depreciated to N1, 610 per dollar in the parallel market from N1,605 per dollar on Tuesday.

Similarly, the Naira depreciated to N1,612 per dollar in the Nigerian Foreign Exchange Market (NFEM).

FG pushes ranching drive, prioritises feed security, genetic improvement in Nasarawa

Nichi Mine Targets 120,000 Tons Monthly Lithium Output In Africa

Kaduna Livestock Project Boosts Productivity, Peace, Says Commissioner

Data published by the Central Bank of Nigeria, CBN showed that the exchange rate for the naira rose to N1,612 per dollar from N1,609 per dollar on Tuesday, indicating a N4 depreciation for the naira.

Consequently, the margin between the parallel market and NFEM rate narrowed to N3 per dollar from N4 per dollar on Tuesday.

ALSO READ: Women farmers wants government to address gender-based discrimination over land control

Tags: Naira

Scavengers’ Association Distances Self From Court Case Against Wike

Nathaniel Irobi

FG pushes ranching drive, prioritises feed security, genetic improvement in Nasarawa

by Elanza

December 19, 2025

The Federal Government has intensified its push for ranching as the backbone of Nigeria’s livestock transformation, with the Honourable Minister...

Nichi Mine Targets 120,000 Tons Monthly Lithium Output In Africa

by Elanza

December 18, 2025

By Abubakar Yunusa Ojima-ojo The General Manager and Chief Operating Officer of Nichi Mine Limited, Dr Hassan Kabir Yaradua, has...

Kaduna Livestock Project Boosts Productivity, Peace, Says Commissioner

by Elanza

December 18, 2025

The Kaduna State Government has said its World Bank-funded Livestock Productivity and Resilience Support(L-PRES) Project is delivering measurable gains in...