Business
Naira gains strength over dollar at parallel market
The Nigerian naira strengthened in the parallel market on Thursday, appreciating to a rate of N1,495 per US dollar, a significant improvement from the previous day’s rate of N1,510 per dollar, indicating a notable gain in value.
Aaccording to data from FMDQ, this represents a significant appreciation of N7.11, down from N1,488.6 per dollar, signaling a positive trend for the local currency, the Nigerian naira continued its upward trend, strengthening to N1,481.49 per US dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
The Nigerian Autonomous Foreign Exchange Market (NAFEM) experienced a significant increase in trading activity, with a 3.83% rise in dollar transactions, reaching $213.31 million, up from $205.43 million the previous day.
As a result, the disparity between the parallel market and NAFEM exchange rates decreased to N13.51 per dollar, a reduction from N21.4 per dollar observed on Wednesday.
Transfer: Chelsea eye West Ham’s Kudus
Arsenal: Gabriel expresses confident in winning trophies
Transfer: Real Madrid agree personal terms with Mastantuono
Enugu: Tragedy as man drowns during “cleansing” ritual
Preacher reveals shocking prophecy about Davido
Government arrests 6-year-old over murder
Akwa Ibom Assembly members, others defy Eno’s defection order
Osun 2026: Open letter to President Tinubu, by Mallam Olawale Rasheed
Bobrisky unveils new name
Kogi East Integrity Group celebrates Alhaji Sanusi Abdul for Sallah humanitarian outreach
Matawalle: The inertia of the saddest minds, by Lawal Umar Maradun, Ph.D.
Bauchi lawmaker trains, empowers 125 youths on agriculture
NCoS unveils faces of fleeing inmates, places N5m cash reward for info
Imo community decries killings, seeks urgent government action
Breaking: NCoS launches manhunt as 7 inmates escape in Osun
The Imperative for human development in Africa, by Rauf Aregbesola
Lamido urges Tinubu to pay MKO Abiola’s ₦45 billion debt
How Prof. Mgbeke paid me N300, 000 to manipulate audio recordings against Natasha – Ogbonnaya
Justice system key to road safety enforcement – Forum
Attack on Mattawalle: A case of administrative failure and misplaced priorities, Lawal Umar Maradun, Ph.D
We didn’t authorize petition against Mele Kyari, group tells AGF, EFCC
Breaking: Nationwide strike looms as ASUU issues 21-day notice
Inuwa Yahaya condoles with RFI over loss of Kabir Yusuf
Guardiola issues Erling Haaland fitness update ahead of Wolves
-
National News2 days agoTrump approves travel ban on 12 countries, citing security concerns
-
Politics2 days agoPDP targets David Mark as new party chairman
-
Metro News2 days agoGovernment uncovers 7,000 ghost workers on payroll
-
Metro News2 days agoDetails emerge on young graduate who d!ed in Cocoa House fall
-
Sports2 days agoNations League: Ronaldo’s winner sets another scoring record
-
Sports2 days agoTransfer: Saudi club unveils Inzaghi as new manager
-
National News2 days ago2027: Pro-democracy activists mobilize against appointment of INEC Chair by Tinubu
-
Politics2 days agoIjaw president backs Fubara on joining APC