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Wed. May 7th, 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.
Wed. May 7th, 2025

In the parallel market, the value of the naira drops to N1,739/$.

In the parallel market, the value of the Naira dropped from N1,735 to N1,739 per dollar on Wednesday to N1,739 yesterday.

The Nigerian Autonomous Foreign Exchange Market, or NAFEM, saw an increase in the value of the Naira to N1,601.2 per dollar.

According to data from FMDQ, the naira appreciated by N52.89 on Wednesday, as the indicative exchange rate for NAFEM dropped from N1,654.09 to N1,601.2 per dollar.

The official market saw a 69 percent rise in turnover, or the amount of dollars traded, from Wednesday’s $136.68 million to $230.99 million.

As a result, the difference between the NAFEM rate and the parallel market rate increased from N80.91 to N137.8 per dollar on Wednesday.

Dailyreport

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