Breaking News
Naira exchanges at N1,570/$ in parallel market
Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to N1,527.5 per dollar from N1,525 per dollar on Wednesday , indicating N2.5 depreciation for the naira.
The naira yesterday appreciated to N1,570 per dollar in the parallel market from N1,580 per dollar on Wednesday.
However, the Naira recorded its first depreciation in the Nigerian Foreign Exchange Market (NFEM) to N1,525 per dollar after a week-long appreciation.
Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to N1,527.5 per dollar from N1,525 per dollar on Wednesday , indicating N2.5 depreciation for the naira.
Consequently, the margin between the parallel market and NFEM rate narrowed to N42.5 per dollar from N55 per dollar the previous day.
Africa’s Crisis of Military Coups and Insecurity -By Safiya Zakari Muhammad
The erosion of democracy has also weakened regional and international security cooperation. In some cases, juntas have expelled traditional partners...
Governor Uba Sani’s Resolute Commitment On Rural Development -By Abdulrashid Sani Gimi
In the long run, the 2026 fiscal strategy transcends conventional budgetary practice. With a total outlay of ₦985.9 billion, a...
Lack of Financial Support Holding Back Russia’s Economic Influence in Africa: A Case Study of Missed Opportunities in Nigeria -By Kestér Kenn Klomegâh
As Africa's largest economy, Nigeria cannot afford another decade of promises without projects. The future of its development lies with...
The Impact Of Social Media On Youth Mental Health -By Jemimah Hezekiah
Governments and tech companies also have a role to play. Enforcing anti-cyberbullying policies, offering digital literacy programs, and providing mental...
Every Night We Pray to Survive: Voices from Insecure Communities -By Rinret istifanus
As the nation debates policies and strategies, these voices remind us that insecurity is not just a headline it is...