English>
Your daily Naira exchange rate

Market News

Naira down to N1,565/$ in parallel market - VANGUARD

JULY 08, 2025

By Elizabeth Adegbesan

The naira yesterday depreciated to N1,565 per dollar in the parallel market from N1,560 per dollar last weekend.
Similarly, the Naira depreciated to N1,529.5 per dollar in the Nigerian Foreign Exchange Market (NFEM).

Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to N1,529.5 per dollar from N1,528.5 per dollar last weekend, indicating N1 depreciation for the naira.

Consequently, the margin between the parallel market and NFEM rate widened to N35.5 per dollar from N31.5 per dollar last week.

MARKET NEWS

July 08 Investors Flock to Dollar as Trump Unveils US Tariff Plans - BLOOMBERG July 08 Yen struggles as tariff letters land, Aussie jumps after surprise RBA hold - REUTERS July 08 Dollar’s demise ‘greatly exaggerated’ as Trump’s growth agenda to spur recovery - INVESTING.COM July 08 EU Rushes to Conclude Framework Trade Deal With US This Week - BLOOMBERG July 08 China warns Trump on tariffs, threatens retaliation on supply chain deals - REUTERS July 08 Pound pushes higher as Trump hints at tariff climbdown - YAHOO FINANCE July 08 Fiscal inefficiencies erode naira’s prospect despite weakening dollar - THE GUARDIAN July 08 Interrogating pains, gains of economic reforms amid endorsements - THE GUARDIAN July 08 Naira down to N1,565/$ in parallel market - VANGUARD July 08 Naira appreciates on official, black markets - DAILY POST July 08 Nigerian agency fines Multichoice 766 million naira for data privacy breaches - REUTERS July 08 Naira Decouples from Oil as Confidence in Nigerian Reforms Grows - BLOOMBERG July 07 Sterling slips with economic data, tariff uncertainty in focus July 07 Consumer confidence rising as summer holiday season begins - P.A.MEDIA July 07 Nigerian banks resume naira debit card use abroad after three-year pause - REUTERS July 07 UK house prices stagnated in June as market struggles to regain momentum - YAHOO FINANCE July 07 Housing market stalls amid jobs slowdown - THE TELEGRAPH July 07 Trump Warns of 10% Tariff for ‘Anti-American’ BRICS Policies - BLOOMBERG July 07 Pound slips as markets await news of tariff deals - YAHOO FINANCE July 07 Dollar drifts near multi-year lows as investors brace for Trump tariff deadline - REUTERS July 07 Sterling heads for weekly loss as fiscal concerns loom - REUTERS July 07 Debt service gulps N30.8 trillion in five years - THE GUARDIAN July 07 IMF applauds CBN’s reforms, naira stability - NIGERIAN TRIBUNE July 07 Assessing IMF’s spotlight on Nigeria’s financial sector reforms, stability - THE NATION July 07 Nigeria, others move to eliminate cross-border payment glitches - DAILY TRUST July 06 Benin, Togo owe Nigeria $11m in electricity debt – NERC - PUNCH July 06 Oil Drops as Larger OPEC+ Supply Increase Raises Glut Concerns - BLOOMBERG July 06 From $20 to $500 more banks open naira cards abroad on improved FX - BUSINESSDAY July 06 OPEC+ to boost oil production by 548,000 barrels per day in August - ASSOCIATED PRESS July 06 Non-oil exports jump 78% amid data gap concerns - PUNCH

SEE HOW MUCH YOU GET IF YOU SELL

NGN
© 2025 abokiFX | All Rights Reserved
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics