Brands and Marketing
Naira Again, Depreciates To N1,635/$ In Official Market

Naira Again, Depreciates To N1,635/$ In Official Market
The Nigerian Naira weakened in the Nigerian Autonomous Foreign Exchange Market (NAFEM), depreciating to N1,635.15 per dollar according to data from FMDQ.
This marked an increase from the previous rate of N1,631.21 per dollar, signifying a depreciation of N3.94 for the Naira.
Conversely, in the parallel market, the Naira strengthened to N1,660 per dollar from N1,665 per dollar over the weekend.
The volume of dollar transactions in the official market saw a significant decline of 47% to $126.24 million from $238.36 million traded the previous weekend. As a result, the gap between the parallel market and NAFEM rates reduced to N24.85 per dollar from N33.79 per dollar the previous Friday.
-
Headline7 days ago
President Trump Revokes Security Clearances for Biden, Clinton, Harris, and Other High-Profile Figures
-
Headline7 days ago
Anambra: We Have The Highest Number of Cases per Judge in Nigeria, Second Only to Lagos — Soludo
-
Entertainment6 days ago
Naira Marley Responds to Critics: Blame Me, Not My Religion, for My Mistakes
-
Headline5 days ago
UEFA Nations League: Semi-final Draw Confirmed [Full Fixtures]
-
Entertainment5 days ago
Lights, Camera, Africa! AMVCA 2025 Nominees Revealed
-
Headline5 days ago
“Unlawful” – Peter Obi Criticizes Tinubu Administration Over Release of Rivers State Funds to Sole Administrator
-
Entertainment5 days ago
Jaywon Warns New Artist: ‘Nigerian Music Industry Not for the Weak’
-
Entertainment4 days ago
If You Attach 20 Years Jail Sentence With No Option For Fine, People Will Refrain from Piracy – Jide Kosoko
-
Headline7 days ago
“They Just Want Us Out”: Blind Couple Alleges Discrimination by Landlady
-
Headline5 days ago
Marley Testifies, Points to Mohbad’s Wife, Others for Questioning