Naira Rises to N1,555/$ in Parallel Market

by Nathaniel Irobi

August 13, 2025

in Business

Naira Appreciates to N1,560 /$ in Parallel Market

VIEWS

Facebook Twitter Whatsapp Email Telegram

The Naira yesterday appreciated to N1,555 per dollar in the parallel market from N1,560 per dollar on Monday.

Similarly, the Naira appreciated to N1,536.8 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 fell to N1,536.8 per dollar from N1,538.4 per dollar on Monday, indicating N2.2 appreciation for the naira.

Consequently, the margin between the parallel market and NFEM rate narrowed to N18.2 per dollar from N21.6 per dollar on Monday.

ALSO READ: Jumia Food to exit Nigeria by end of 2023

Tags: Naira Parallel Market

Southern Kaduna Professionals Celebrate Patron, Laud Peace-Building Role

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...