Nairaland
3 months ago

Naira Rises To ₦1,493/$ In Official Market

Nairaland Forum / Nairaland / General / Business / Naira Rises To N1,493/$ In Official Market (1322 Views)

Naira Depreciates To ₦‎1,300/$ In Official Market / Naira Rises By 7.7% As Official Exchange Rate Close At ₦‎1,142/$ / Naira Rises To ₦‎1,450/$ After CBN Hiked Interest Rate (2) (3) (4)

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Naira Rises To N1,493/$ In Official Market by NaijaCover(m): 8:55am
The Naira yesterday appreciated to N1,493 per in the official foreign exchange market.

Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the Nigerian Foreign Exchange Market (NFEM) fell to N1,493 per dollar from N1,506 per dollar on Wednesday, indicating N13 appreciation for the naira.

The official exchange rate once reached the N1,400 per dollar threshold in January and May 2024.

The official exchange rate has been on an appreciating trend following the launch of the CBN Foreign Exchange Code this week.

Similarly, the Naira appreciated to N1,620 in the parallel market from N1,630 per dollar on Wednesday.

Consequently, the margin between the parallel market and NFEM rate widened to N127 per dollar from N124 per dollar on Wednesday.

Source: https://www.vanguardngr.com/2025/01/naira-rises-to-n1493-in-official-market/

2 Likes 1 Share

Re: Naira Rises To N1,493/$ In Official Market by NaijaCover(m): 8:56am

Mr Blogger Is Just Speechless 😞

Re: Naira Rises To N1,493/$ In Official Market by CodeTemplar: 9:15am

Better late but can do even better.

1 Like

Re: Naira Rises To N1,493/$ In Official Market by jericco1(m): 9:38am

It's well

Re: Naira Rises To N1,493/$ In Official Market by Chibuzoc(m): 9:38am

grin useless naira, if you’re not earning in $$ or have any family member remitting hard currencies, you are the mvp

2 Likes

Re: Naira Rises To N1,493/$ In Official Market by Starzo: 9:38am

Wetin nor dey affect prize of goods for market

I'm no longer interested in naira/dollar news

Re: Naira Rises To N1,493/$ In Official Market by yesloaded: 9:38am

196naira just 10yrs ago

2 Likes

Re: Naira Rises To N1,493/$ In Official Market by Abaziaka: 9:38am

K

Re: Naira Rises To N1,493/$ In Official Market by saintjimos(m): 9:38am

Time to buy

Re: Naira Rises To N1,493/$ In Official Market by tnerro1(m): 9:39am

Wow, another achievement 😂

Re: Naira Rises To N1,493/$ In Official Market by Kingpele(m): 9:39am

grin grin grin In 2011 APC told said is 217 to 1dollar ok? But today APC and thier willing zombies on Nairaland want us to celebrate 1430 to 1dollar...APC is a consuming cancer upon Nigeria 🇳🇬

1 Like

Re: Naira Rises To N1,493/$ In Official Market by igahdavid(m): 9:39am

Good news

3 Likes

Re: Naira Rises To N1,493/$ In Official Market by EmmaLege: 9:39am

🙄🙄🙄

Re: Naira Rises To N1,493/$ In Official Market by bewisemasses: 9:40am

The naira gaining 12 [color=#990000][/color] is not worthy to ve news. The dollar losing 1200 naira; now that's news.
Propaganda people go celebrate this one.

Re: Naira Rises To N1,493/$ In Official Market by Manny21: 9:40am

Naira ganusi. Artificial rise

Re: Naira Rises To N1,493/$ In Official Market by Roboto11: 9:41am

Well done.

👏 👏 👏

Re: Naira Rises To N1,493/$ In Official Market by Okpokpo09: 9:41am

Do not sell your dollar o! As long as Apc remains in power be rest assured that dollar must past 3000 naira in next two years. The first class illiterate has nothing to offer

2 Likes

Re: Naira Rises To N1,493/$ In Official Market by Newsmills: 9:41am

CBN's daily dairy with book profit appreciation of naira.Noted tribal CBN governor.

Re: Naira Rises To N1,493/$ In Official Market by Sheuns(m): 9:43am

Buy if you can. Once the Chinese holiday is over, the prices will skyrocket.

Re: Naira Rises To N1,493/$ In Official Market by AfahaAbia(m): 9:43am

Why are goods and services in Nigeria not reducing prices? I just don't understand

1 Like

Re: Naira Rises To N1,493/$ In Official Market by prinsam30: 9:44am

UNTIL DOLLAR IS BACK TO IT ORIGINAL STATE WHERE U GUYS MET IT AT N600 BEFORE I WILL TAKE U GUYS SERIOUSLY SERIOUS

1 Like

Re: Naira Rises To N1,493/$ In Official Market by AfahaAbia(m): 9:44am
Sheuns:
Buy if you can. Once the Chinese holiday is over, the prices will skyrocket.

Seriously! Please how true is this?

Re: Naira Rises To N1,493/$ In Official Market by israelmao(m): 9:45am

Oscillating and yoyo economy of Emilokan.

Re: Naira Rises To N1,493/$ In Official Market by osuofia2(m): 9:45am

Let's wait for the enemies of Nigeria that prefer to see the country in ruin. They will never be happy seeing the country make progress, to them negative news is supreme.

Re: Naira Rises To N1,493/$ In Official Market by Nahunger(m): 9:46am

cheesy

Okay
Boju boju

Re: Naira Rises To N1,493/$ In Official Market by pyyxxaro: 9:46am

Sai Baba

On your rusty testes we stand 🙌🏿

Re: Naira Rises To N1,493/$ In Official Market by en0uwem: 9:48am

OFFICIAL MARKET

Re: Naira Rises To N1,493/$ In Official Market by Sheuns(m): 9:48am
AfahaAbia:

Seriously! Please how true is this?

There’s low demands now due to the Chinese holidays. No work in the whole of China for a few weeks, so people aren’t buying much.

1 Like

Re: Naira Rises To N1,493/$ In Official Market by PRINCESSFCFANSs: 9:49am

OK

Re: Naira Rises To N1,493/$ In Official Market by Fcwilly: 9:52am

Official Dollar price is a scam, please someone help me tell oga CARDOSO@ CBN and President Tinubu @ASO ROCK because that official doesn't exist.

Re: Naira Rises To N1,493/$ In Official Market by magoo10(m): 9:52am

Similarly, the Naira appreciated to N1,620 in the parallel market from N1,630 per dollar on Wednesday.

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