Naira Gains in Black Market, NFEM Rate Falls Amid Rising Dollar
The naira appreciated by N5 in the parallel market on Thursday, closing at N1,545 per dollar, an improvement from N1,550
Jeremiah Ayegbusi July 11, 2025
- July 17, 2025
The naira appreciated by N5 in the parallel market on Thursday, closing at N1,545 per dollar, an improvement from N1,550
On Wednesday, the Nigerian Naira depreciated, to ₦1,585 per dollar in the parallel market, down from ₦1,565 the previous day.
The Naira continued its steady appreciation against the US dollar, rising to ₦1,490/$ in the parallel market on Monday, marking
The Naira is showing signs of recovery and stability, with key improvements recorded in both the official and parallel markets.
Key Points Parallel market closes at N1,510 NAFEM closes at N1,508.99 Volume of trading dropped by 34.9 per cent The
In May 2020, the Director of Nigeria’s Budget Office revealed that the country had lost around 80% of oil revenue
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