Business News
Naira slips to N1,451.86/$ across official, parallel markets
The naira started the new week on a weaker note against the United States dollar in both the official and parallel foreign exchange markets.
According to figures released by the Central Bank of Nigeria, the currency fell to N1,451.86 per dollar on Monday, compared to N1,450.43 recorded last Friday.
This shows the naira lost N1.43 at the official market, signalling another round of pressure on the currency.
Simply at the black market, the Naira dipped the most by N15 on Monday to N1490 per dollar, down from N1475 on Friday.
This comes despite the surge of Nigeria’s external reserves to a six-year high of $45,11 billion as of December 5th, 2025.
The development also follows the CBN’s publication on Monday of a list of 82 fully licensed Bureau De Change (BDC) operators in the country.
Follow Us on Google Discover
Politics14 minutes ago
2027: Gawuna’s camp romances APC despite being given Kano NDC Senatorial ticket
News23 minutes ago
Don’t discuss Atiku’s NYSC certificate case against Tinubu in public – Judge warns lawyers
Politics31 minutes ago
2027: Tinubu deserves second term to complete reforms – Reno Omokri
National News42 minutes ago
North, biggest beneficiary of my reforms — Tinubu, Arewa Forum, others disagree
Politics11 hours ago
‘Why can’t Nigerians buy petrol for N441-N872 per litre like, UAE, Angola Sudi Arabia, others’ – Atiku questions Tinubu
World11 hours ago
Former British PM Keir Starmer leaves parliament after 11 years
Politics12 hours ago
Tinubu’s effort to secure Trump’s support for re-election has failed – Atiku’s lobbying firm claim
World12 hours ago
Erin Piacenti, Bank of America VP killed in Times Square stabbing
Entertainment12 hours ago
Nollywood hit by another loss as Atinuke Kareem dies after prolonged cancer battle
Politics14 hours ago
2027: I will review NELFUND, offer debt forgiveness to Nigerian students – Atiku vows
Politics14 hours ago
Yuguda warns Nigerians against Atiku’s promise to restore fuel subsidy, says its a political bait
Politics15 hours ago
Strong GDP, Reserves don’t put food on Nigerians’ tables – APC Chairman
Politics15 hours ago
2027: APC chieftain resigns, rejects support for Tinubu, Bauchi Governorship candidate
News15 hours ago
Two Kwara lawmakers lose seats after dumping APC for PDP
Sports18 hours ago
Gabriel Jesus joins Barcelona from Arsenal until 2029
Jobs / Vacancies2 days ago
7 Ongoing recruitment opportunities Nigerians shouldn’t miss before deadline (How to apply)
Politics14 hours ago
2027: I will review NELFUND, offer debt forgiveness to Nigerian students – Atiku vows
News2 days ago
FBI files won’t decide 2027 election, Nigerians vote will – Tinubu’s lawyer Afolabi says
Politics21 hours ago
On LG Autonomy: I will send funds directly to LGs from Day 1 in office – Atiku vows
Politics2 days ago
BREAKING: Ex-Bayelsa gov Timipre Sylva dumps APC, says party has lost its founding ideals
Politics15 hours ago
2027: APC chieftain resigns, rejects support for Tinubu, Bauchi Governorship candidate
Politics14 hours ago
Yuguda warns Nigerians against Atiku’s promise to restore fuel subsidy, says its a political bait
Sports2 days ago
BREAKING: Lionel Messi retires from international football
Politics12 hours ago
Tinubu’s effort to secure Trump’s support for re-election has failed – Atiku’s lobbying firm claim
Politics11 hours ago
‘Why can’t Nigerians buy petrol for N441-N872 per litre like, UAE, Angola Sudi Arabia, others’ – Atiku questions Tinubu
News2 days ago
Chaos as Police teargas pensioners during protest at Lagos House
News2 days ago
Alleged drug trafficking: Tinubu will be embarrassed at UNGA, won’t meet Trump – US Firrm
National News1 day ago
Xenophobia: Nigeria will no longer tolerate dehumanisation of its citizens in South Africa — Shettima
News2 days ago
‘Nigeria is burning’ – Atiku criticises Tinubu over three-week Europe vacation
Politics2 days ago