ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, September 17, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Naira Records Second Marginal Gain In 2025

by Leadership News
9 months ago
in Business
Naira Records Second Marginal Gain In 2025
Share on WhatsAppShare on FacebookShare on XTelegram

The naira on Friday recorded a second marginal gain against the dollar as pressure eases in the official foreign exchange (FX) market.

Advertisement

Data from the Central Bank of Nigeria (CBN) showed that in the Nigerian Foreign Exchange Market (NFEM), the dollar was quoted at the rate of N1,537 on Friday, compared to N1,538 on Thursday, the first trading day of the new year.

The market recorded the highest bid as authorised quoted the dollar at N1,545 on Friday, the same rate as of Thursday. The lowest bid printed at N1,533, lower than N1,532 quoted the previous day.

In the parallel market, also known as black market, the naira steadied at N1,665 per dollar on Friday.

At the FMDQ Securities Exchange Limited platform, the FX market opened at N1,538 per dollar and closed at N1,534.05/$1 on Friday.

Related News

NBS Report: Ekiti Confident Interventions Will Reduce High Inflation Rate

6 hours ago

All Federal Airports Fully Insured, Runways Under Overhaul — FAAN

11 hours ago

The data from the FMDQ revealed that the dollar was quoted at the highest rate of N1,539 and lowest bid rate of N1,530.50 at the Nigerian Autonomous Foreign Exchange Market (NAFEM).

The data was computed based on FMDQ Exchange FX closing rate methodology using data from Bloomberg BMatch.

In November 2024, the Central Bank issued comprehensive guidelines for the operations of the interbank foreign exchange trading system via the Electronic Foreign Exchange Matching System (EFEMS), pegging the minimum tradable amount at $100,000 with incremental clip sizes of US$50,000.00, to promote transparency and efficiency in the FX market.

To facilitate interbank trading under this framework, the CBN approved Bloomberg BMatch as the designated platform supporting EFEMS. All market participants are mandated to adhere strictly to the guidelines and any future amendments issued by the CBN.

 

 

Join Our WhatsApp Channel

Tags: Foreign ExchangeNaira
SendShare10190Tweet6369Share

Other News Updates

Business

NBS Report: Ekiti Confident Interventions Will Reduce High Inflation Rate

2025/09/17
Business

All Federal Airports Fully Insured, Runways Under Overhaul — FAAN

2025/09/17
Agriculture

Federal Government Unveils $3.14bn Agric Investment Scheme With FAO

2025/09/17
Business

Upstream Sector Attracts $18.2bn Investment, Unlocks 1.4bn Oil Barrels

2025/09/17
Business

CBN Enlightens Kano Residents About New Banking Initiatives

2025/09/17
Business

Rehoboth City Estate Unveils Wazobia, Smart Housing Project In Abuja

2025/09/17
Leadership Conference advertisement

LATEST

Suspected Terrorists Gunned Down In Imo Communities — Police ¬

IPPIS Staff Pleaded Guilty To Diverting Salaries Of Ex-Government Workers

Fubara: ‘Supreme Court Should Have Decided PDP Governors’ Case’, Says Ex-ACF Scribe

Tinubu Redefining Modern Leadership, Says VP Shettima

Police Arrest 6 Suspected Illegal Miners In Niger

Elumelu Cuts Short US Trip Over UBA Staff Killed In Afriland Towers Fire In Lagos

FIRS Loses 4 Senior Staff Members To Afriland Towers Fire In Lagos

‘Stop Blaming Tinubu, Hunger Has Always Been In Nigeria’, Bwala Fires Back At Atiku

Oyo Government Denies Crude Oil Discovery Rumour

BREAKING: Tinubu Lifts State Of Emergency On Rivers, Restores Democratic Rule

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.