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Tue. Jul 8th, 2025
Trending News: The Scramble for Africa: Britain’s Role in ColonizationHow British Colonization Modern AfricaSouthwest governments lack the authority to stop Shari’ah panelsIndia forbids the export of addictive opioids to NigeriaBybit Cryptocurrency Exchange Hit by Massive $1.5 Billion HackShettima has praised the North East Development Commission (NEDC)CHRICED argues that Abuja should be the 37th state in NigeriaArab nations have drafted a comprehensive plan to rebuild GazaTrump Declares Ukraine War Talks Will Begin ‘Immediately’ After Call With PutinGlobal health crisis may be triggered by the US funding freezeMan City Set for Epic Clash with Holders Real MadridUndocumented U.S. migrants must return home immediately, says Colombian president.Thugs in NSCDC uniforms broke into a Lagos hotel with gunsNaira Strengthens to ₦1,493/$ in Official Market Amid CBN ReformsIn the wake of the foreign aid freeze, the Trump administration has placed 60 senior USAID officials on leave.Africa may lose its place on the world stage under Trump’s presidencyNIMC, NIBSS, and Partners to Launch Digital Cards22 Soldiers Killed, Others Wounded in Borno Clash With TerroristsIPMAN wants to see more petrol prices dropBanks’ Lending Hits N4.3tn as CBN Warns of ScarcityPalm Kernel Oil for Your SkinIllegal palm oil is bad for your healthNBA Nigeria works with 100 young people and 50 coachesAdesanya has been approved for a Saudi Arabian cardUBA’s party to end the yearChrist Apostolic Church in Ibadan is on fireIf Tinubu fails, i will look elsewhereUS Extradites Nigerian for $6M FraudBeing honest nearly got me in trouble5 countries with few men5 types of men who avoid cheatingThe S’East lawmakers visit Kalu68 Journalists Killed in 2024Tinubu is set to unveil 2025 budgetCourt dismisses Ibeto fraud chargeNMDPRA cracks down on illegal cooking gas retailersSuper Eagles…2026 World Cup qualificationsA new wave of parents is redefining child-rearing by embracing nurturingHow Black Families Are Moving Away from Corporal PunishmentSafari in Africa with ResponsibilityDiscover the Magic: 15-Day Kenya & Tanzania SafariHistory, Origin, and Culture10 Stunning Revelations from Trump’sBad Kids poisoned teacher’ water bottleA woman kills her 8-month-old daughter5 Health Problems During Harmattan2034 World Cup in Saudi ArabiaGermany and UK agree on migrant smuggler action planCrude oilprices drops to $72Lagos Urges Vigilance Against Expired Products in Markets2030 FIFA World Cup on 3 continents10 Christmas countdowns for family`sNigerdock Finalizes $1 Billion Snake Island Port AgreementBusiness operations suffer in November due to inflation.The father of Ebonyi gov takes 30 wives and becomes kingThe 5 oldest nations across the worldMy 2027 Lagos governorship ambitionBritain issued 300,000 visas in 2 yearsIsrael bombed Syria 300 times fallLula has brain surgery in ICUGerman citizen arrested in RussiaXi warns of ‘no winners’ in US-China trade warMassive naira devaluation and inflation threaten telecom firmsLagos tells people to take down illegal street gatesDigital Rights Advocacy in Africa by Paradigm InitiativeNNPC has completed 90% of the P’Harcourt refineryCourt grants N50m bail to Dele FarotimiSouth Korea’s president is prohibited from departing the countryTrump reiterates his immigration policyThe stock market has been lifted to N59.5 trillionHow Babangida ran refineriesWar between Keyamo and the FCCPC over Air PeaceJay-Z and Diddy’ accused of raping 13-year-old girlThe 5-Point Agenda of the Madrid CommitmentOver 300 Leaders Back Madrid CommitmentGlobal Trade is $33 Trillion in 2024The World Bank gets $24 billion to help poor nationsTop 10 European countries high salarieswe want to end the war in UkraineGod alone can fix it.82 is the age of my oldest side chickPeople who transformed the USThe history of the United StatesGulf War History and ImpactA Fascinating Look at the History of Combat InterceptionsThe recent missile attacks in the Red SeaNigeria’s Capital Importation Growth 2023What Are Cycling Side Effects?Do Humans Really Use Only 10% of Their Brain?Israel is accused of employing white phosphorus inChemical explosion in Lagos: One narrowly escapes death(PSC) has terminated the employment of 19 senior police officers and reduced their ranksZelenskyy condemns Putin after Russian strikes kill 11What is the geography of Canada?Discover Canada’s Most Affordable Cities to Call HomeThe Most Expensive Canadian CitiesCanadian unemployment hits 8-year high in November.police escort an individual who “accidentally shootsA crypto-trader was found guiltyThe revenue collected by Customs in Kaduna amounts to N28.4 billion.
Tue. Jul 8th, 2025

Naira climbs significantly versus the US dollar at the official market on Friday.

At the official foreign exchange market, the Naira made huge gains versus the dollar, capping off a successful week.

According to FMDQ data, at the end of business on Friday, the Naira was worth N1593.32 per dollar, up from N1625.88 on Thursday.

This is a noteworthy increase of 32.56 versus the dollar from the N1625.88 exchange rate of the day before.

In the meantime, the black market kept losing value, closing at N1,665 per dollar on Friday after closing at N1660 on Thursday.

This indicates that the Naira ended Friday’s trading with a negative mood, meaning it gained value on the official market but lost value on the black market.

The Naira appreciated N5.24 on a weekly basis as compared to the official foreign exchange market’s N1598.56 exchange rate on Friday of previous week.

On the other hand, compared to the N1645 per dollar exchange rate at the black market last Friday, the Naira depreciated by N20 per dollar on a weekly basis.

Dailyreport

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