Naira rises against the dollar in parallel market
Economy, Headlines, Naira (Currency), Today's Politics Thursday, October 23rd, 2025
|
By Elizabeth Adegbesan
The Naira yesterday appreciated to N1,495 per dollar in the parallel market from N1,500 per dollar on Monday. But the Naira depreciated to N1,464.5 per dollar in the Nigerian Foreign Exchange Market (NFEM).
Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to N1,464.5 per dollar from N1,464 per dollar on Monday, indicating 50 kobo depreciation for the naira.
Consequently, the margin between the parallel market and NFEM rate narrowed to N35.5 per dollar from N36 per dollar on Monday.
Related Posts
- Cameroon presidential rival calls for protests ahead of election results
- US Court orders forfeiture of ex-NNPC GM’s California home over $2.1m bribery scandal
- Police arrest Omoyele Sowore after court appearance for Nnamdi Kanu
- Identity theft: Nigerian man, Lucius Njoku, 33, sentenced to 80 hours of unpaid work after using woman’s name to work at UK Hospital
- 2027: No alliance with Jonathan to unseat Tinubu – Peter Obi
Short URL: https://newnigerianpolitics.com/?p=69810
Posted by admin
on Oct 23 2025. Filed under Economy, Headlines, Naira (Currency), Today's Politics.
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
