Business News
Naira gains, trades at N1,416/$ in parallel market
The naira strengthened slightly against the United States dollar in the parallel market on Thursday, trading at N1,416/$1 compared to N1,420/$1 recorded on Wednesday.
However, the local currency moved in the opposite direction at the Nigerian Foreign Exchange Market (NFEM), where it weakened to N1,365.1 per dollar.
Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,365.1 per dollar from N1363.11 per dollar on Wednesday, indicating N1.99 depreciation for the naira.
Consequently, the margin between the parallel and official markets narrowed to N50.9 per dollar from N59.11 per dollar on Wednesday.
The interbank turnover at NFEM increased by 31 percent to N98.8 million yesterday from N75.4 million on Wednesday.
Follow Us on Google Discover
England striker Ivan Toney charged with assault over London nightclub incident
Eight dead after teen kills grandparents, opens fire at Thailand school
Norwegian FA President calls for Infantino’s resignation
2027: ADC suffers setback as Gombe publicity secretary resigns
2027: APC finalises upload of guber, state assembly candidates on INEC portal
‘I have received a mysterious credit alert,’ Atiku raises alarm, questions how his private account details were leaked
Fire guts petrol tanker at Abuja filling station, injures four
How Nollywood actor Stanley Amandi got involved in alleged plot to oust Tinubu – Details emerge
Secure court approval before unfreezing Osun account, Tinubu tells EFCC as Adeleke sues agency for ₦2bn
Bayelsa to launch scrabble, chess in secondary schools
Kebbi govt establishes two new districts in Argungu LGA
FG names Gbajabiamila to head delegation to diaspora investment summit in Canada
Tinubu meets outgoing ECOWAS Commission President Omar Touray in Abuja (Photos)
Naira gains, trades at N1,416/$ in parallel market
Documents submitted to FRSC list Tinubu, Wike, SGF as PFIFC board members
Documents submitted to FRSC list Tinubu, Wike, SGF as PFIFC board members
Akwa Ibom State University (AKSU) opens massive academic staff recruitment across 40 departments for 2026 (Apply Now)
Dino to Tinubu: ‘Watch it, God may call you like Abacha before the election
FG okays permanent employment of 3,252 PTA teachers into federal civil service
BREAKING: Tinubu orders EFCC to unfreeze Osun govt account
Zamfara State begins recruitment of Nurses, Pharmacists, others (How to Apply)
Real reason I directed EFCC to lift freeze on Osun accounts – Tinubu
BREAKING: ICPC unmasks two additional fake agencies during PFIPC probe
‘I have received a mysterious credit alert,’ Atiku raises alarm, questions how his private account details were leaked
WAFCON 2026: Nigeria hammer Egypt 6-2, seal quarter-final spot
‘I’m being held illegally, probe me publicly’ – Detained PFIPC DG Adeniyi tells Reps
BREAKING: 176 Abducted Woro victims freed after months in captivity
2027 Polls: Kebbi APC stalwart withdraws support for Tinubu
2027: Obi, Kwankwaso hold talks with Dickson as OK Movement faces leadership crisis
