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Naira depreciates to N1,600/$ in parallel market - VANGUARD

JUNE 19, 2025

By Elizabeth Adegbesan

The naira yesterday depreciated to N1,600 per dollar in the parallel market from N1,598 per dollar on Tuesday.

Similarly, the Naira depreciated to N1,550.9 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 rose to N1,550.9 per dollar from N1,547.5 per dollar on Tuesday, indicating N3.4 depreciation for the naira. Consequently, the margin between the parallel market and NFEM rate narrowed to N49.1 per dollar from N50.5 per dollar on Tuesday.

MARKET NEWS

June 19 Naira depreciates to N1,600/$ in parallel market - VANGUARD June 19 Zambia’s currency could gain, others seen stable - REUTERS June 18 BNY Mellon, Standard Bank to Offer Access to Nigerian Naira Debt - BLOOMBERG June 18 Easing Inflation, Naira Stability Boost Prospects For CBN’s Rate Cut - NEW TELEGRAPH June 18 UK inflation to edge higher if oil prices push up energy costs, experts warn - P.A.MEDIA June 18 Bank of England expected to hold interest rates as inflation comes in above target - June 18 Oil, war and the naira: Nigeria’s fragile balancing act - BUSINESSDAY June 18 Naira losses steam against dollar as Nigeria’s reserves slide downward - DAILY POST June 18 UK inflation slows to 3.4% in May as transport costs ease - YAHOO FINANCE June 18 PBOC Head Imagines New World Currency Order After Dollar Era - BLOOMBERG June 18 GTBank to begin N6.98 USSD fee deduction via airtime Wednesday - PUNCH June 18 Naira depreciates to N1,598/$ in parallel market - VANGUARD June 18 Extend naira-for-crude deal to modular refineries, LCCI tells FG - PUNCH June 18 Oil rally strengthens CBN’s bid for stable naira, FX reserves - BUSINESSDAY June 17 Citi Calls Time on Gold’s Rally on Slumping Demand, Fed Cuts - BLOOMBERG June 17 World’s Top Oil Trader Sees Lower U.S. Output in 2025 - OILPRICE.COM June 17 Rupee hits over two-month low, hurt by geopolitical worries, Trump tariff remark June 17 Iron Ore Extends Drop as Demand Concerns Rise, Citi Cuts Targets - BLOOMBERG June 17 Stronger naira seen as oil prices up on Middle-East tensions - BUSINESSDAY June 17 Nigeria's consumer inflation falls for a second month in May - REUTERS June 17 Fitch raises Ghana's ratings to 'B-', pushing it closer to investment grade - REUTERS June 17 South African rand subdued on risk-off mood, economic data eyed - REUTERS June 17 Naira gains, external reserve decline despite oil pricerally - BUSINESSDAY June 17 NGX, SEC deepen ties with China to boost investments June 17 Switzerland cuts 2025 economic outlook as trade war risks weigh - REUTERS June 17 Sterling steady on the dollar as Middle East conflict endures, BoE meeting in sight - REUTERS June 17 World oil demand to keep growing this decade despite 2027 China peak, IEA says - REUTERS June 17 Oil rally strengthens CBN’s bid for stable naira, FX reserves June 17 China’s Oil Demand Will Peak Earlier Than Expected, IEA Says - BLOOMBERG June 17 Nigeria’s naira returns to appreciation against dollar after inflation drops -DAILY POST

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