Business
Naira Weakens Against Dollar at Official Market
The Naira slipped against the US dollar at Nigeria’s official foreign exchange market on Wednesday.
According to the Central Bank of Nigeria (CBN), the Naira traded at ₦1,494.03 per dollar, down from ₦1,484.14 recorded on Tuesday. This represents a daily depreciation of ₦9.89.
At the parallel market, however, the Naira remained stable at ₦1,537 per dollar, unchanged from Tuesday’s rate.
The dip at the official market follows Tuesday’s record, when the Naira hit its highest single-day and seven-month peak.
Meanwhile, Nigeria’s external reserves continued to rise, reaching $41.89 billion as of September 16, 2025, according to CBN data.
-
Entertainment1 year agoAdanma Luke Appeals for Forgiveness over Junior Pope’s Death: “I’m Gradually Losing My Life, Please Forgive Me”
-
Security News1 year agoRivers: Tension as Gunmen on Speedboat Abduct Fubara, Police Launch Manhunt
-
Security News1 year agoSoldiers in South East Extort, Humiliate Us While Kidnappers Operate Freely Near Checkpoints, Igbo Women’s Group Alleges
-
Politics1 year agoRevealed: Ajuri Ngelale Fired Over Feud with Onanuga, Despite Medical Cover Story
-
General News1 year agoGov. Soludo Seals Peter Obi’s Campaign Office, Edozie Njoku-Led APGA State Office
-
Security News1 year agoEnugwu-Ukwu in Shock: Deadly Ambush Leaves Multiple Dead, Survivors in Fear
-
General News1 year agoVideo: Moment DSS Staff Erupt in Jubilation as News of Bichi’s Sack Announced
-
Breaking News1 year agoJUST IN: Presidential Adviser Ajuri Ngelale Steps Down Temporarily, Cites Reasons