HomeBusiness‎Naira Strengthens to ₦1,565/$ in Parallel Market Amid Volatility

‎Naira Strengthens to ₦1,565/$ in Parallel Market Amid Volatility

Business

Published on

By Afrigather
‎Naira Strengthens to ₦1,565/$ in Parallel Market Amid Volatility
spot_img
Dollar Against Naira fmdq
Greenback In opposition to Naira

‎The naira rebounded towards the greenback on Wednesday within the parallel overseas change market, reversing earlier losses.

Learn Additionally:

‎As of February 12, 2025, the naira was buying and selling at ₦1,560/$ (purchase) and ₦1,565/$ (promote), reflecting a big restoration from the ₦1,580 degree recorded on the shut of buying and selling on Tuesday. Nonetheless, market circumstances remained unstable.

‎In the meantime, within the official overseas change market, the naira weakened, falling to ₦1,503.07 per greenback on Tuesday from ₦1,499.78 on Monday, representing a depreciation of ₦3.29.

Latest articles

World News

Look Ma, Hands Free. Navigating Tokyo in Nissan’s Self-Driving Test Car

Testing self driving in Nissan Ariya in Tokyo traffic. Riding in a Self-Driving Nissan Ariya To get a sense of the latest ProPilot in action, we took a 40-minute ride through the center of Tokyo, from the Prince Hotel, under the Shimbashi overpass, past the Imperial hotel, and through the famous, and famously busy Ginza
World News

Report: Ford, GM May Reduce New Car Production in Favor of Weapons

Although automakers such as GM and Ford do supply vehicles and technologies to the U.S. government and military forces, these generally come from separate arms of the businesses that have little to nothing to do with passenger vehicle produciton. In fact, the Detroit Three, which also includes Chrysler, have only halted automotive production in favor
World News

The All-New Mercedes C-Class EV Is Benz’s Answer to the BMW i3—and It’s a Big Shift

Behold the 2027 Mercedes-Benz C-Class EV, the all-electric-powered version of the C-Class sedan. It will be the second product to market following the GLC-Class SUV to be built on the all-new Mercedes-Benz Electric Architecture, known as MB.EA, that’s also expected to underpin an entire range of next-generation EV spinoffs of the E-Class, S-Class, and related
World News

Another Massive Ford Recall, This Time 2015–2017 F-150s to Fix a Transmission Issue

If you happen to keep up with Ford’s F-150, then you might have already been aware of complaints that have been circulating about a transmission issue with Ford’s venerable full-size truck from the 2015–2017 model years. Last year there were enough of them to get the National Highway Traffic Safety Administration (NHTSA) involved, and now

More like this

World News

Look Ma, Hands Free. Navigating Tokyo in Nissan’s Self-Driving Test Car

Testing self driving in Nissan Ariya in Tokyo traffic. Riding in a Self-Driving Nissan Ariya To get a sense of the latest ProPilot in action, we took a 40-minute ride through the center of Tokyo, from the Prince Hotel, under the Shimbashi overpass, past the Imperial hotel, and through the famous, and famously busy Ginza
World News

Report: Ford, GM May Reduce New Car Production in Favor of Weapons

Although automakers such as GM and Ford do supply vehicles and technologies to the U.S. government and military forces, these generally come from separate arms of the businesses that have little to nothing to do with passenger vehicle produciton. In fact, the Detroit Three, which also includes Chrysler, have only halted automotive production in favor
World News

The All-New Mercedes C-Class EV Is Benz’s Answer to the BMW i3—and It’s a Big Shift

Behold the 2027 Mercedes-Benz C-Class EV, the all-electric-powered version of the C-Class sedan. It will be the second product to market following the GLC-Class SUV to be built on the all-new Mercedes-Benz Electric Architecture, known as MB.EA, that’s also expected to underpin an entire range of next-generation EV spinoffs of the E-Class, S-Class, and related
Share via
Send this to a friend