Business
Naira Edges Up as Nigeria’s Reserves Near $40 Billion
The Naira recorded a marginal appreciation against the US dollar at the official foreign exchange market on Thursday, buoyed by a steady rise in Nigeria’s external reserves.
Data from the Central Bank of Nigeria (CBN) showed the local currency closing at N1,533.73 per dollar, compared to N1,534.44 on Wednesday — a gain of 70 kobo.
In contrast, rates in the parallel market held steady at N1,565 per dollar, unchanged from the previous day.
The currency movement comes as Nigeria’s external reserves rose to $39.99 billion as of August 6, 2025, up from $39.81 billion on August 4, according to CBN figures.
Over the past four trading days, the Naira has experienced mixed performance, alternating between gains and losses against major currencies.
-
Entertainment2 years agoAdanma Luke Appeals for Forgiveness over Junior Pope’s Death: “I’m Gradually Losing My Life, Please Forgive Me”
-
Security News2 years agoRivers: Tension as Gunmen on Speedboat Abduct Fubara, Police Launch Manhunt
-
Security News2 years agoSoldiers in South East Extort, Humiliate Us While Kidnappers Operate Freely Near Checkpoints, Igbo Women’s Group Alleges
-
Politics2 years agoRevealed: Ajuri Ngelale Fired Over Feud with Onanuga, Despite Medical Cover Story
-
General News2 years agoGov. Soludo Seals Peter Obi’s Campaign Office, Edozie Njoku-Led APGA State Office
-
Security News2 years agoEnugwu-Ukwu in Shock: Deadly Ambush Leaves Multiple Dead, Survivors in Fear
-
General News2 years agoVideo: Moment DSS Staff Erupt in Jubilation as News of Bichi’s Sack Announced
-
Breaking News2 years agoJUST IN: Presidential Adviser Ajuri Ngelale Steps Down Temporarily, Cites Reasons