• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, September 10, 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 Sustains Gain On Parallel Market, Weakens To N1,534/$1 On NEFM

by Bukola Aro-Lambo
7 months ago
in Business
Reading Time: 1 min read
naira
Share on WhatsAppShare on FacebookShare on XTelegram

The value of the naira for the second day trading continued its appreciation, while it depreciated on the official end of the market as the Central Bank of Nigeria launched the Nigeria Foreign Exchange Code as part of its ongoing reforms in the foreign exchange market.

Advertisement

By the close of trading on Tuesday, the value of the naira stood at N1,640 a N10 appreciation as against N1,650 which it closed on Monday. This brings its two-day appreciation at the parallel market to N20 or 1.2 per cent from the N1,660 which it closed last week.

However, the naira continued to depreciate at the official end of the market closing Tuesday’s trading activities at N1,534.55 to the dollar as against N1,533.63 which it closed on Monday. The CBN had on Monday released the FX Code which is expected to promote a robust, fair, liquid, open, and appropriately transparent forex market.

The FX Code requires Market Participants to ensure that illegal financial transfers are avoided, and appropriate money laundering policies put in place to protect the integrity of the domestic markets and the global financial framework as a whole.

RELATED

NIMR Faces Power Outage Over ₦38m Debt

GenCo Tripping Triggers National Grid Collapse — Systems Operator

4 hours ago
Agusto & Co Rates Heirs Insurance Group’s Life, General Businesses ‘A1’

Agusto & Co Rates Heirs Insurance Group’s Life, General Businesses ‘A1’

11 hours ago

The apex bank while noting that it seeks a flexible exchange rate regime where the value of the naira is determined by market forces according to the demand and supply of foreign exchange, said “the FX Code is being developed to respond to emerging issues and address the dynamic nature of the financial markets and specifically address emerging challenges in the foreign exchange market.”

Join Our WhatsApp Channel

Tags: Naira
SendShare10180Tweet6363Share
ADVERTISEMENT
Previous Post

Decongestion: Customs To Auction Cargoes, Vehicles After 90 Days At Seaports

Next Post

5th Lake Chad Basin Governors Forum Meeting Set To Hold – Commissioner 

Bukola Aro-Lambo

Bukola Aro-Lambo

You May Like

NIMR Faces Power Outage Over ₦38m Debt
Business

GenCo Tripping Triggers National Grid Collapse — Systems Operator

2025/09/10
Agusto & Co Rates Heirs Insurance Group’s Life, General Businesses ‘A1’
Business

Agusto & Co Rates Heirs Insurance Group’s Life, General Businesses ‘A1’

2025/09/10
Agama Assumes Office As Acting SEC DG
Business

Leverage Capital Market Opportunities To Raise Funds, SEC Urges Insurers

2025/09/10
Insurance Firms Begin Self-prescribed Recapitalisation As Minimum Capital Controversy Rages
Business

Guinea Insurance Premium Hits N2.94bn As Shareholders Approve Recapitalisation Plan

2025/09/10
Tourism Ministry, NIHOTOUR Partner To Upskill Tour Operators In Ekiti
Business

‘Travel Agencies’ Group Achieves 50% Self-regulatory Ecosystem’

2025/09/10
United Nigeria Plans Routes Expansion, Signs Agreement For 6 Aircraft With Southwest Airlines
Business

United Nigeria Plans Routes Expansion, Signs Agreement For 6 Aircraft With Southwest Airlines

2025/09/10
Leadership Conference advertisement

LATEST

JUST-IN: Tinubu To Address Nigerians On Independence Day

Ellison Overtakes Musk As World’s Richest Man

Women Affairs Minister Locked Out By Workers Over Alleged Poor Working Conditions 

2026 WC Qualifier: NFF Denies Rebuking Ekong, Dessers Over 1-1 Draw With South Africa

PICTORIAL: Tinubu, Macron Hold Private Lunch Meeting At Élysée Palace

Climate Change: WACT, GIVO Commission First Solar-powered Recycling Plant In Rivers

Tinubu, Speaker Abbas, SGF Hail ICRC Boss Ewalefoh At 50

Ondo Acquires 26,000 Hectares Of Land For Agric Investment

JUST-IN: INEC Recognises David Mark-led ADC

Ex-NNPCL Boss Kyari Submits Self To EFCC Over Alleged Multi-billion Dollar Refinery Fraud

© 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.