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Naira appreciates to N1,555/$ in parallel market - VANGUARD

AUGUST 05, 2025

By Elizabeth Adegbesan

The Naira yesterday appreciated to N1,555 per dollar in the parallel market from N1,560 per dollar last weekend.

Similarly, naira appreciated to N1,533.8 per dollar in the Nigerian Foreign Exchange Market (NFEM).

Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to N1,533.8 per dollar from N1,535.5 per dollar last weekend, indicating N1.7 appreciation for the naira.

Consequently, the margin between the parallel market and NFEM rate narrowed to N21.2 per dollar from N24.5 per dollar last week Friday.

MARKET NEWS

August 06 Nigeria’s Naira returns to depreciation against dollar - DAILY POST August 06 Naira remains stable despite declining FX inflows August 06 Naira down to N1,565/$ in parallel market - VANGUARD August 05 Traders Burned by August Crash Keep Betting on Japan Stocks - August 05 Weak Indian rupee may blunt US tariff bite, say economists - REUTERS August 05 BOE Is Probably About to Cut Rates Despite a Spike in Inflation - BLOOMBERG August 05 Naira appreciates to N1,555/$ in parallel market - VANGUARD August 05 Naira remains stable despite slowing FX inflows - BUSINESSDAY August 05 Wall Street Banks Lose Ground in Europe as Tariffs Spook Clients - BLOOMBERG August 05 FG begs foreign oil contractors to return - PUNCH August 05 Dollar steady as rate cut odds rise, risk appetite returns August 05 Sterling firms against dollar as markets look to BoE rate guidance - REUTERS August 05 Oil prices decline again amid worries about Opec+ supply hikes - YAHOO FINANCE August 05 IMF outlook spurs hope for lower borrowing costs, others - PUNCH August 05 Naira Gains N1.29 to Trade at N1,532$1 at NAFEM - BUSINESS POST August 05 Shein’s and Temu’s prices will get hit even harder by the new de minimis rule - CNN August 05 China's central bank sets up new financial stability committee - REUTERS August 05 South African finance minister not planning to lower inflation target yet - REUTERS August 05 Eight OPEC+ countries raise production by 547,000 bpd - AFP August 04 Nigeria’s oil production topped 1.8 million barrels per day in July, regulator says - REUTERS August 04 Ghana raises farmgate cocoa price by 4% for 2025/26 season - REUTERS August 04 Naira records slight depreciation as summer-dollar demand resurfaces August 04 Big reform, bigger risk: Will Nigeria stay on track? August 04 Singapore-West Africa trade jumps 85% to $7.47bn, boosting employment in Nigeria - BUSINESSDAY August 04 Nigerian First HoldCo to Sell Stake Held by Special Purpose Firm - BLOOMBERG August 04 The Numbers Look Bad for Oil Prices. Traders Don’t Seem to Believe Them. - BARRON'S August 04 Bank of England to cut interest rates but faces dilemma on outlook - CITY.A.M August 04 Emerging Markets Assets Gain as Traders Bet on Fed Rate Cuts - BLOOMBERG August 04 OPEC+ Signals Next Move Is Undecided as Tumultuous Chapter Ends - BLOOMBERG August 04 Treasuries Tack Onto Historic Gain Ahead of Quarterly Auctions - BLOOMBERG

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