Connect with us

    Hi, what are you looking for?

    E-Financial

    Naira Gains Slightly, Closes at ₦1,560/$ in Parallel Market Today August 2, 2025

    Published

    The Naira appreciated to ₦1,560 per dollar in the parallel market as at close of work on Friday, up from ₦1,565 per dollar the previous day.

    In the Nigerian Foreign Exchange Market (NFEM), the naira also appreciated, closing at ₦1,534 per dollar.

    However, data from the Central Bank of Nigeria (CBN) indicated that the official exchange rate rose slightly to ₦1,535.5 per dollar from ₦1,534 per dollar on Wednesday, reflecting a minor depreciation of ₦1.5.

    As a result, the gap between the parallel market and the NFEM rate narrowed to ₦24.5 per dollar, compared to ₦31 per dollar on Thursday.

    This week, the parallel market experienced a ₦30 depreciation overall, while the previous week saw a marginal gain of 50 kobo. In contrast, the official market recorded no significant movement in the naira’s value throughout the week.

    Spread the love
    In this article:, , , , ,
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    L–R: Secretary, Nigerian Communications Commission (NCC), Gwa Mohammed; Chief Executive Officer, Ministry of Finance Incorporated, Dr. Armstrong Takang; Executive Vice Chairman/Chief Executive Officer, NCC, Dr. Aminu Maida; Coordinating Director, Financial Reporting Council of Nigeria, Mr. Titus Osawe; Executive Commissioner, Stakeholder Management, NCC, Rimini Makama; Professor of Corporate Governance, Lagos Business School, Fabian Ajogwu, SAN, during the workshop/formal launch of Guidelines on Corporate Governance For Nigerian Telecommunications Industry hosted by the Commission in Lagos recently. L–R: Secretary, Nigerian Communications Commission (NCC), Gwa Mohammed; Chief Executive Officer, Ministry of Finance Incorporated, Dr. Armstrong Takang; Executive Vice Chairman/Chief Executive Officer, NCC, Dr. Aminu Maida; Coordinating Director, Financial Reporting Council of Nigeria, Mr. Titus Osawe; Executive Commissioner, Stakeholder Management, NCC, Rimini Makama; Professor of Corporate Governance, Lagos Business School, Fabian Ajogwu, SAN, during the workshop/formal launch of Guidelines on Corporate Governance For Nigerian Telecommunications Industry hosted by the Commission in Lagos recently.

    Tech

    Meet the New NCC Board Set to Revolutionize Nigeria’s Digital Space

    Nigerian Communications Commission (NCC) has welcomed the appointment of Mr. Idris Olorunnimbe as Chairman-designate of its Board, alongside other newly appointed members of the...

    4 days ago

    Sports

    Billionaire businessman, Bill Chisholm officially takes over basketball club Boston Celtics in $6.1bn deal

    National Basketball Association aka NBA has approved the sale of the Boston Celtics to an investment group led by American billionaire businessman, Bill Chisholm,...

    4 days ago
    NCC NCC

    Tech

    NCC Rallies Stakeholder Support to Protect Telecom Infrastructure

    Nigerian Communications Commission (NCC) has reiterated its commitment to the full operationalisation of President Bola Ahmed Tinubu’s Executive Order on Critical National Information Infrastructure...

    4 days ago

    Metro

    BREAKING: EFCC Recovers Over ₦5 Billion and $10 Million in Major Refinery Fraud Crackdown

    Economic and Financial Crimes Commission has recovered over N5bn and $10m from contractors and government officials indicted in the fraud in the turnaround maintenance...

    1 day ago