Naira Appreciated With Two Naira, Trades At N468

Hamilton Nwosa
Writer

Ad

2027: Reaction as Kachikwu Says Jonathan Has Offered Obi Key Role to Quit Presidential Race

By Abiola Olawale Dumebi Kachikwu, the 2023 presidential candidate of the African Democratic Congress (ADC), has claimed that former President Goodluck Jonathan is allegedly attempting to sway Peter Obi, the Labour Party’s 2023 presidential candidate, to abandon his 2027 presidential ambition. According to Kachikwu, Jonathan has allegedly dangled the position of Coordinating Minister of the…

Tears as Ex-minister, Audu Ogbeh, Dies at 78

By Abiola Olawale A former Minister of Agriculture and Rural Development, Chief Audu Ogbeh, is dead. Ogbeh, who was also a former National Chairman of the Peoples Democratic Party (PDP), was said to have passed away peacefully on Saturday, August 9, 2025, at the age of 78. This was contained in a statement released on…

How Obasanjo Got Angry at Me Over Diesel Deregulation – Otedola Opens Up

By Abiola Olawale Nigerian billionaire businessman, Mr Femi Otedola has shared a dramatic encounter with former President Olusegun Obasanjo over the 2004 diesel deregulation policy. This was detailed in his upcoming memoir, Making It Big: Lessons from a Life in Business, set for release on August 18, 2025, by FO Books. Otedola, then chairman of…

Ad

The Nigerian currency (naira) appreciated marginally against the dollar at the parallel market in Lagos on Monday, gaining two naira.

Naira was exchanged at N468 to the dollar as against N470 it traded last week Friday.

The pound sterling and the euro closed at N565 and 510, respectively.

The naira however depreciated against the dollar at the interbank market, eroding the gains of Friday in that segment. It shed N4.31 to close at N308.81from N304.50 which was posted on Friday.

Trading at the Bureau De Change (BDC) window showed that the currency closed at N385 to the dollar, while the pound sterling and the euro traded at N564 and N504, respectively.

Ad

X whatsapp