Business
Naira Weakens Slightly Against Dollar on Official Market
The Nigerian naira recorded a slight depreciation against the US dollar on Tuesday, July 8, 2025, just a day after making gains in the official foreign exchange market.
Data from the Central Bank of Nigeria (CBN) showed that the naira fell to N1,529.22 per dollar, down from N1,528.33 recorded on Monday. This represents a day-on-day loss of 89 kobo.
Despite the dip in the official market, the naira held steady in the parallel market, where it traded at N1,550 to the dollar—the same rate as the previous day.
The decline comes after a brief appreciation on Monday, reflecting ongoing volatility in the currency market. In the first half of 2025, the naira averaged N1,556 per dollar at the official rate.
-
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