• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, August 30, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Naira Strengthens 5.1% Against US Dollar In Official Market

by Leadership News
2 years ago
in Business
Naira is Nigeria's currency, Dollar is recognised world currency

Naira is Nigeria's currency, Dollar is recognised world currency

Share on WhatsAppShare on FacebookShare on XTelegram

The naira on Tuesday exhibited resilience in the official foreign exchange market, closing 5.1% stronger against the US dollar at N878.61/$1 in the Nigerian Autonomous Foreign Exchange Market (NAFEM).

Advertisement

This marked a significant improvement compared to the previous day’s rate of N925.34/$1.

However, the naira faced challenges against other major currencies, with a decrease of N34.60 against the Pound Sterling, closing at N1,163.87/£1, and a loss of N26.36 against the Euro, settling at N996.05/€1.

Data from the FMDQ Securities Exchange indicated that FX transactions totaled $58.46 million on Tuesday, representing a 20.3% decrease from the previous day’s $73.33 million.

In the Peer-to-Peer (P2P) market, the Naira weakened against the US dollar by N12, reaching N1,369/$1 on Tuesday, compared to N1,357/$1 on the preceding day.

RELATED

Xs.com Review: Reliable & Regulated Broker Or Risky Choice?

Xs.com Review: Reliable & Regulated Broker Or Risky Choice?

2 hours ago
Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students

Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students

5 hours ago
ADVERTISEMENT

In the parallel market, the Naira depreciated against the US Dollar by N5, closing at N1,365/$1 on Tuesday, contrasting with the previous day’s rate of N1,360/$1.

Meanwhile, in the cryptocurrency market, Bitcoin experienced a 20% drop from its recent peak of $49,000 following the approval of the first spot bitcoin exchange-traded fund (ETF) in the United States. Bitcoin, the largest cryptocurrency, lost 0.3%, settling at $39,684.17.

Other major cryptocurrencies faced declines, with Ethereum (ETH) dropping 3.2% to $2,238.34, Dogecoin (DOGE) declining by 2.7% to $0.0781, Litecoin (LTC) dipping by 2.5% to $65.39, Binance Coin (BNB) slumping by 2.4% to $297.00, Ripple (XRP) shrinking by 1.7% to $0.5171, and Cardano (ADA) depreciating by 0.5% to $0.4756.

ADVERTISEMENT

However, Solana (SOL) experienced a 0.5% increase, reaching $83.74, and the US Dollar Tether (USDT) appreciated by 0.04% to $0.9993, while the US Dollar Coin (USDC) traded flat at $1.00.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


SendShare10218Tweet6386Share
ADVERTISEMENT
Previous Post

Actions Couples Can Take To Tackle Infertility — Expert

Next Post

Gaza: Tunisia Bans Lawyer Representing Palestine At ICJ

Leadership News

Leadership News

You May Like

Xs.com Review: Reliable & Regulated Broker Or Risky Choice?
Business

Xs.com Review: Reliable & Regulated Broker Or Risky Choice?

2025/08/29
Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students
Business

Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students

2025/08/29
currency exchange process
Business

How To Calculate Pips In Forex And Other Important Tips For Traders

2025/08/29
Fitch Upgrades Afreximbank To ‘BBB’
Business

Japan Agency Rating Reinforces Afreximbank’s Credibility, Says Denya

2025/08/29
BREAKING: Emirates Airlines Resumes Flights To Nigeria October 1
Business

Emirates Airline To Participate In Africa Tourism, Creative Economy Expo

2025/08/29
Tinubu Names Abubakar Dantosho MD Of NPA
Business

NSC Boss Lauds Dantsoho On Election As IAPH Vice President

2025/08/29
Leadership Conference advertisement

LATEST

Katsina Gov’t To Procure 700 Motorcycles, 20 Hilux Vans To Fight Banditry

NYSC To Step Up Community Policing In Orientation Camps Nationwide

Tinubu Declares 9th National Youth Games Open

Wolves Set To Sign Tolu Arokodare From Genk

Xs.com Review: Reliable & Regulated Broker Or Risky Choice?

Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students

PICTORIAL: VP Shettima Represents Tinubu At Ex-VP Sambo Son’s Wedding In Kano

Tinubu Excited As Nigerian Babalola Emerges As Rotary International President

How To Calculate Pips In Forex And Other Important Tips For Traders

Tottenham Sign Simons From RB Leipzig For £52m

© 2025 Leadership Media Group - All Rights Reserved.

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

© 2025 Leadership Media Group - All Rights Reserved.