Business News
Naira strengthens to N1,465/$ in parallel market
The naira gained strength yesterday, rising to N1,465 per dollar in the parallel market, compared to N1,474 per dollar recorded last weekend.
The currency also appreciated in the Nigerian Foreign Exchange Market (NFEM), where it traded at N1,452 per dollar.
According to fresh data from the Central Bank of Nigeria (CBN), the official exchange rate improved from N1,458 per dollar last Friday to N1,452 per dollar, showing a N6 increase in value for the naira.
As a result, the margin between the parallel market and NFEM rate narrowed to N13 per dollar from N16 per dollar last weekend.
Follow Us on Google Discover
World1 hour ago
Indian actor Tiger Shroff shot dead in Mumbai, three suspects detained
Sports3 hours ago
Algerian fans run riot after 2-0 loss to Enugu Rangers, vandalize stadium
Politics3 hours ago
“I saw Akpabio at the State House begging Tinubu to keep his position” — Jake Epelle
National News3 hours ago
FG defends fiscal reforms as World Bank flags ₦7.7tn debt interest
Editorials4 hours ago
2027: “Which North? North Korea or North Carolina?” Nigerians mock politicians promising Tinubu Northern votes
Politics5 hours ago
2027: Eight Zamfara lawmakers set to return to APC after meeting Tinubu
Politics5 hours ago
‘You will pay taxes beyond your capacity in 2027 if Tinubu is reelected’ – Sen. Kingibe warns Nigerians
News5 hours ago
N126.46bn election funds: SERAP drags INEC to court, demands accountability
Politics5 hours ago
2027: Wike, Rivers lawmakers visit Fubara as reconciliation efforts continue
News5 hours ago
Katsina wealth workers call off 7-day warning strike after Gov Radda’s intervention
World6 hours ago
Trump backs Netanyahu ahead of Israel’s October 27 election
Politics6 hours ago
2027 elections: INEC under fire over omission of governorship candidates
Editorials13 hours ago
Wike, Akpabio, Uzodimma: Unity at the podium, rival ambitions behind the Scenes? can Tinubu keep his associates together?
National News14 hours ago
Real reason we removed universities from IPPIS, recruitment waiver – FG
World14 hours ago
Macron condemns looting, vandalism during cost-of-living protests in France
Politics18 hours ago
‘₦29,000 Cannot sustain a retired officer’ — Atiku challenges Tinubu on police pensions, proposes initiative
Politics2 days ago
Opposition will front a single candidate against Tinubu, announcement will be made few days to election – Lukman
Politics17 hours ago
2027: Tinubu must be stopped, ‘even Buhari saw him as bad news’ — Hakeem Baba-Ahmed
Metro16 hours ago
Eight Nigerian Soldiers killed as ISWAP landmine hits Army patrol vehicle in Borno
News2 days ago
Suspended NSCDC commandant apologises over deaths of suspected illegal miners in Niger
Politics23 hours ago
2027: NDC will never step down for Atiku, stop attacking us – Kwankwaso replies ADC Campaign Council
News2 days ago
Ogun hospital under fire as Nurse dies of asthma attack amid alleged oxygen failure
News2 days ago
Veteran Journalist, diplomat Dele Cole dies at 86
News2 days ago
COAS arrives Borno as Military moves to clear terrorist camps, rescue abductees
Sports1 day ago
Messi’s double fires Inter Miami to 3-1 victory over Atlanta United
Editorials4 hours ago
2027: “Which North? North Korea or North Carolina?” Nigerians mock politicians promising Tinubu Northern votes
World2 days ago
Macky Sall quits race for UN Secretary-General position
Politics2 days ago
2027: ‘APM will beat Tinubu in 12 battleground states’ – Makinde’s campaign team
Politics2 days ago
Buhari backed Osinbajo’s presidential ambition four times, Akande tells Babachir Lawal
News2 days ago