Business News
Naira falls against Dollar in official market
The naira depreciated against the United States dollar at the official foreign exchange market on Thursday, marking its second decline in three days.
Data from the Central Bank of Nigeria showed that the naira closed at N1,420.69 to the dollar on Thursday, compared with N1,419.35 recorded on Wednesday.
This indicates that the local currency weakened by N1.34 against the dollar on a day-to-day basis.
However, at the black market, the Naira gained N3 to close at N1,490 per dollar on Thursday compared to N1,493 exchanged the previous day.
Very Nigerian reports that in the past three days, Naira had recorded mixed sentiments of losses and gains.
This development comes as the foreign reserves stood at $45.95 billion as of Monday, 19th January 2026.
Follow Us on Google Discover
Politics37 minutes ago
2027: I will review NELFUND, offer debt forgiveness to Nigerian students – Atiku vows
Politics48 minutes ago
Yuguda warns Nigerians against Atiku’s promise to restore fuel subsidy, says its a political bait
Politics57 minutes ago
Strong GDP, Reserves don’t put food on Nigerians’ tables – APC Chairman
Politics1 hour ago
2027: APC chieftain resigns, rejects support for Tinubu, Bauchi Governorship candidate
News2 hours ago
Two Kwara lawmakers lose seats after dumping APC for PDP
Sports4 hours ago
Gabriel Jesus joins Barcelona from Arsenal until 2029
News5 hours ago
BREAKING: PDP Chieftain Daniel Osi Orbih passes away
Metro7 hours ago
Panic in Kwara as two-storey building collapses, traps eight
Politics7 hours ago
2027: Major Jack picked as Chinda’s running mate in Rivers
Sports7 hours ago
Super Eagles Coach Chelle picks two assistants for U-23 team
Politics7 hours ago
Court nullifies APC Zamfara North Senatorial primary, orders fresh election
Entertainment8 hours ago
Court sentences killer of Tupac, 30 years after rappers killing
News8 hours ago
How security forces rescued 15 NYSC members, six others from Kogi kidnappers – Police
Politics8 hours ago
On LG Autonomy: I will send funds directly to LGs from Day 1 in office – Atiku vows
News8 hours ago
Nnamdi Kanu: IPOB gives FG 14-day ultimatum, threatens 2027 poll boycott
Jobs / Vacancies1 day ago
7 Ongoing recruitment opportunities Nigerians shouldn’t miss before deadline (How to apply)
National News1 day ago
Tinubu spends 261 Days abroad as Presidency’s travel spending hits N37.64bn
News1 day ago
FBI files won’t decide 2027 election, Nigerians vote will – Tinubu’s lawyer Afolabi says
Politics1 day ago
BREAKING: Ex-Bayelsa gov Timipre Sylva dumps APC, says party has lost its founding ideals
Entertainment2 days ago
Sultex, Goddessa exits BBNaija House
National News2 days ago
Tinubu drags South Africa to African Union over xenophobia
Metro1 day ago
Three killed, many injured as suspected cultists invade Anambra
News1 day ago
Wike, Fubara meet for first time after governor gives up second-term bid
Sports1 day ago
BREAKING: Lionel Messi retires from international football
News1 day ago
Plateau Gov Mutfwang bans Hisbah activities, orders immediate crackdown
News1 day ago
Alleged drug trafficking: Tinubu will be embarrassed at UNGA, won’t meet Trump – US Firrm
News1 day ago
‘Nigeria is burning’ – Atiku criticises Tinubu over three-week Europe vacation
Metro1 day ago
Tragedy in Kano as three sisters drown after boat mishap
Politics1 day ago
2027: PDP gains in Yobe as 2,025 opposition members join party
Sports2 days ago