Naira Archives - Sahel Standard

Naira Appreciates, Trades N1,618$ at parallel market

In a significant development, the naira on Tuesday appreciated to N1,618 per dollar at the parallel market from N1,620 per dollar on Monday. But, the Naira depreciated to N1,604 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria (CBN) showed that the indicative exchange rate for the…

Naira depreciates at official market, remains steady on parallel window

Tomi Lala3 weeks ago3 weeks ago03 mins

The Nigerian naira faced mixed fortunes on Wednesday, April 3, 2025, depreciating at the official market while remaining stable on the parallel window. At the Nigerian Autonomous Foreign Exchange Market (NAFEM), the local currency closed at N1,552.53 per US dollar, down from Tuesday’s rate of N1,531.25/US$. However, at the parallel market, the naira held firm…