Tuesday, August 26, 2025
  • About
  • Advertise
  • Careers
  • Features
  • News
  • Sports
  • Entertainment
  • Weather
  • Info-data
  • Beautiful Cities
  • Discoveries
  • Login
No Result
View All Result
Home Business

Nigeria: Naira Dips Further at Official Market

Kehinde Giwa by Kehinde Giwa
July 10, 2025
in Business
0
Nigeria: Naira Dips Further at Official Market
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

The naira has lost more ground against the US dollar at the official forex market, sliding to ₦1,531 per dollar from ₦1,529.22 the previous day, a ₦1.78 drop in just 24 hours.

This decline marks a continuation of the naira’s downward trend in the official market.

Related posts

Nigeria and Benin Republic Strengthen Bilateral Cooperation with Landmark MoU

Nigeria and Benin Republic Strengthen Bilateral Cooperation with Landmark MoU

August 26, 2025
Nigeria and Brazil Forge New Partnership with Five MoUs, Petrobras to Return

Nigeria and Brazil Forge New Partnership with Five MoUs, Petrobras to Return

August 26, 2025

In contrast, the parallel market exchange rate held steady at ₦1,550 per dollar, unchanged from Tuesday’s rate, signaling a brief moment of calm in the typically volatile black market.

This fluctuation in the official rate comes as CardinalStone released its mid-year economic forecast, projecting that Nigeria’s external reserves could climb to $41 billion by the end of the year.

According to the report, this growth is expected to be driven by the Federal Government’s plans to secure external borrowings and potential inflows from portfolio investors.

The projected increase in external reserves could hint at a more stable macroeconomic outlook ahead, potentially supporting the naira’s value in the long term.

Previous Post

Nigeria’s FX Reserves to Hit $41 Billion by December

Next Post

Interior Minister Meets US Ambassador Over New Visa Rules For Nigerians

Next Post
Interior Minister Meets US Ambassador Over New Visa Rules For Nigerians

Interior Minister Meets US Ambassador Over New Visa Rules For Nigerians

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

IMF, Egypt Reach Agreement on $1.2 Billion Disbursement Under Extended Fund Facility

IMF, Egypt Reach Agreement on $1.2 Billion Disbursement Under Extended Fund Facility

8 months ago
Ghanaians Outraged After President Unveils Statue of Himself

Ghanaians Outraged After President Unveils Statue of Himself

10 months ago
South-West Nigerian Governors Unite to Form Joint Security Team Amid Rising Insecurity

South-West Nigerian Governors Unite to Form Joint Security Team Amid Rising Insecurity

6 months ago
25 Killed as Overloaded Boat Capsizes in Central Congo

25 Killed as Overloaded Boat Capsizes in Central Congo

8 months ago

BROWSE BY CATEGORIES

  • Beautiful Cities
  • Business
  • Culture
  • Discoveries
  • Entertainment
  • Features
  • Info-Data
  • Lifestyle
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Travel
  • Uncategorized
  • Weather

POPULAR NEWS

  • BREAKING: Shawwal 1446 AH Crescent Sighted in Nigeria, Sunday is Eid-el-Fitr

    BREAKING: Shawwal 1446 AH Crescent Sighted in Nigeria, Sunday is Eid-el-Fitr

    0 shares
    Share 0 Tweet 0
  • Nigeria: (VIDEO) Protesters Storm Lagos Assembly with Banners Reading ‘We Don’t Have a Place to Live’

    0 shares
    Share 0 Tweet 0
  • Nigeria: (VIDEO) Popular ‘The New Masquerade Actress’ Ovularia Dies at 81

    0 shares
    Share 0 Tweet 0
  • Nigeria Nominates Olufemi Elias as Candidate For World Court

    0 shares
    Share 0 Tweet 0
  • BREAKING: (VIDEO) INEC Declares APC’s Okpebholo Winner of Edo Governorship Election

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers

© 2023 AAN TV - All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Features
  • News
  • Sports
  • Entertainment
  • Weather
  • Info-data
  • Beautiful Cities
  • Discoveries

© 2023 AAN TV - All rights reserved.