NEWS
Naira depreciates to 1,541/$ on first trading day of 2025
The Nigerian Naira has declined to N1,541.36/$ in the official foreign exchange market on the first trading day of the New Year.
Data from the Nigerian Foreign Exchange Market (NFEM), as published on the Central Bank of Nigeria’s website indicates a 0.36 per cent depreciation compared to the closing rate of 2024, which was N1,535.82/$.
In the parallel market, the naira closed at N1,655/$, showing an improvement from Tuesday’s N1,670/$.
The naira experienced a 40.9 per cent depreciation in 2024 compared to its official closing rate of 907.11/$ at the end of 2023.
This decline occurred despite several foreign exchange policies introduced by the Central Bank of Nigeria (CBN) to improve market transparency and attract foreign investments.
Discover more from Naijanewstoday
Subscribe to get the latest posts sent to your email.
Alfred Emberger Elected New Speaker of Benue State House of Assembly
Nigeria Police Repatriates Wanted Chinese Gang Leader In INTERPOL Operation
Gigi Jasmine and Victory Evicted from BBNaija Season 10
Veekee James Opens Up About Trolls Accusing Her of Snatching Husband and Her Struggle With Depression
Benue State House Speaker Aondona Dajoh Resigns From Office
Davido Celebrates As Adeleke Family Acquires Third Private Jet
Victor Boniface Returns To Leverkusen As AC Milan Delay Transfer Over Medical Concerns
Mohbad’s Father, Joseph Aloba Accuses Naira Marley Of Harassing Son Despite Public Denial
Kemi Badenoch Says Racism And Online Abuse Won’t Stop Her As Tory Leader
Widow Arrested with Cocaine Disguised as Pregnancy — NDLEA
Taraba Muslim Council Bans Wedding Parties in Jalingo
Enugu, Plateau Governors Absent as PDP Leaders Meet in Zamfara
Anambra Police Nab 65-Year-Old With Over 1,000 Rounds of Ammunition
ADC Vows To Give Half Of All Party Positions To Youth And Women
Atiku Says His Ambition Is About Rebuilding Nigeria, Not Becoming President At All Costs
Alfred Emberger Elected New Speaker of Benue State House of Assembly
Nigeria Police Repatriates Wanted Chinese Gang Leader In INTERPOL Operation
Gigi Jasmine and Victory Evicted from BBNaija Season 10
Veekee James Opens Up About Trolls Accusing Her of Snatching Husband and Her Struggle With Depression
Benue State House Speaker Aondona Dajoh Resigns From Office
Davido Celebrates As Adeleke Family Acquires Third Private Jet
Victor Boniface Returns To Leverkusen As AC Milan Delay Transfer Over Medical Concerns
Mohbad’s Father, Joseph Aloba Accuses Naira Marley Of Harassing Son Despite Public Denial
Kemi Badenoch Says Racism And Online Abuse Won’t Stop Her As Tory Leader
Widow Arrested with Cocaine Disguised as Pregnancy — NDLEA
Taraba Muslim Council Bans Wedding Parties in Jalingo
Enugu, Plateau Governors Absent as PDP Leaders Meet in Zamfara
Anambra Police Nab 65-Year-Old With Over 1,000 Rounds of Ammunition
ADC Vows To Give Half Of All Party Positions To Youth And Women
Atiku Says His Ambition Is About Rebuilding Nigeria, Not Becoming President At All Costs
Alfred Emberger Elected New Speaker of Benue State House of Assembly
Nigeria Police Repatriates Wanted Chinese Gang Leader In INTERPOL Operation
Gigi Jasmine and Victory Evicted from BBNaija Season 10
Veekee James Opens Up About Trolls Accusing Her of Snatching Husband and Her Struggle With Depression
Benue State House Speaker Aondona Dajoh Resigns From Office
Davido Celebrates As Adeleke Family Acquires Third Private Jet
Victor Boniface Returns To Leverkusen As AC Milan Delay Transfer Over Medical Concerns
Mohbad’s Father, Joseph Aloba Accuses Naira Marley Of Harassing Son Despite Public Denial
Kemi Badenoch Says Racism And Online Abuse Won’t Stop Her As Tory Leader
Widow Arrested with Cocaine Disguised as Pregnancy — NDLEA
Taraba Muslim Council Bans Wedding Parties in Jalingo
Enugu, Plateau Governors Absent as PDP Leaders Meet in Zamfara
Anambra Police Nab 65-Year-Old With Over 1,000 Rounds of Ammunition
ADC Vows To Give Half Of All Party Positions To Youth And Women
Atiku Says His Ambition Is About Rebuilding Nigeria, Not Becoming President At All Costs
-
NEWS6 days agoFG Cuts Dialysis Cost In Federal Hospitals From ₦50,000 To ₦12,000
-
NEWS4 days agoEbonyi Man Plans Lagos-Abakaliki Trek to Honour Gov. Nwifuru’s Peace Efforts
-
POLITICS6 days agoPeter Obi Tells Nigerians: Get Your PVC, Reject Criminals in Disguise
-
NEWS2 days agoEbonyi Man Begins Lagos–Abakaliki Trek in Support of Gov Nwifuru’s Peace Efforts in Effium Crisis
-
NEWS6 days agoEbonyi Coordinator Distributes Motorcycles, Lauds Governor’s Grassroots Development Agenda
-
ENTERTAINMENT6 days agoJim Iyke Says Single Mothers Cannot Raise Boys Into “Proper Men”
-
SPORTS6 days agoTinubu Arrives in Japan to Boost Bilateral Ties
-
NEWS6 days agoFCT Minister Denies Awarding N5 Billion Contract to Local Contractors
-
NEWS6 days agoLagos State Declares August 20 Work-Free for Public Servants for Isese Day
-
ENTERTAINMENT5 days agoVeryDarkMan Leads Protest In Auchi, Blocks Dangote Trucks Over Victims’ Compensation
-
FACT-CHECKS/INVESTIGATION7 days agoNigeria Begins Deportation of 192 Foreign Cybercrime Convicts
-
NEWS5 days agoWike Says Amaechi’s 2027 Presidential Ambition Is Dead on Arrival