ADVERTISEMENT
  • About
  • Advertise
  • Careers
  • Contact Us
Wednesday, August 6, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Economy Finance

Dollar Demand Pushes Naira to N1,560 in Parallel Market

by Latifat Fashina
August 6, 2025
in Finance
0
Expert Charges CBN | Naira depreciated | Wednesday Market
NAIRA-DOLLAR

NAIRA-DOLLAR

UBA
Advertisements

The naira depreciated in the parallel (black) market on Tuesday, slipping further from its last close of N1,550/$1 to trade at N1,560/$1.

A surge in demand for the U.S. dollar put the Nigerian currency under pressure. However, the naira held its ground against other major foreign currencies, appreciating slightly against the euro.

The buy price of the euro fell to N1,770/€1 from the previous close of N1,775/€1, while the sell price stood at N1,790/€1.

Against the British pound, the naira maintained stability as the buy price remained at N2,090/£1, the same as the previous close, while the sell price eased to N2,115/£1 from N2,120/£1.

MTN ADS

In the official market, the naira lost some of its earlier gains, edging down from N1,532/$1 to N1,533/$1. Data from the Nigerian Foreign Exchange Market (NFEM) showed the currency fluctuated between N1,532/$1 and N1,534/$1 during Tuesday’s trading.

With persistent demand pressure in the foreign exchange market testing the Central Bank of Nigeria’s (CBN) policy measures, sustained intervention will be critical to restoring stability.

Loading

MTN ADS

0Shares

MTN ADS
Tags: black marketnairaParallel market
Latifat Fashina

Latifat Fashina

LATIFAT FASHINA is the Business/Finance Reporter at Techeconomy. She can be reached via: latifat.fashina@techeconomy.ng

Next Post
Technology is Redefining the Betting Experience across Borders

How Technology is Redefining the Betting Experience across Borders

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

NLC Threatens Mass Protests Against

NLC Threatens Mass Protests Against Potential Detention of Union Leader Ajaero

12 months ago
IIF ANNUAL AWARD DESIGN

IIF Annual Awards to Celebrate Social Impact Heroes

2 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    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
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.