GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

Dollar Exchange Rate Rises again in Official and Black markets

Enudi Golden by Enudi Golden
August 13, 2025
in business, News
Reading Time: 2 mins read
Naira Slips Against Dollar in Both Official and Black Markets
52
SHARES
Advertisements

Dollar Exchange Rate rises again in  Official and black markets

The naira has suffered yet another setback against the US dollar in both the official and parallel foreign exchange markets, as fresh data shows a further depreciation to start the new week.

According to figures from the Central Bank of Nigeria (CBN), the naira closed at N1,537.09/$ in the Nigerian Foreign Exchange Market (NAFEM) on Tuesday, August 12 — representing a 0.076% drop or N1.77 loss from the previous close of N1,535.9/$.

READ ALSO

Zulum Approves ₦300,000 Support Package, Free Meals, and Scholarships for Borno Students

Man Arrested After Disguising as Dispatch Rider to Murder Ex-Girlfriend in Lagos

Mixed Fortunes for the Naira

While the dollar gained, the naira managed slight recoveries against the pound sterling and the euro in the official market.

  • Pound sterling: Improved by 20 kobo to N2,060.14/£1 from N2,060.34/£1.

  • Euro: Strengthened by N3.85 to N1,782.75/€1 compared to the previous N1,786.60/€1.

Market analysts say these modest gains reflect improving liquidity and a gradual restoration of investor confidence.

Other official market rates:

  • CFA franc: N2.72

  • Chinese yuan: N213.76

  • Danish krone: N238.82

  • Japanese yen: N10.38

  • Saudi riyal: N409.25

  • South African rand: N86.50

  • SDR: N2,106.83

  • Swiss franc: N1,889.68

  • WAUA: N2,093.23

Black Market Rates Paint a Different Picture

In the parallel market, the naira weakened further against the US dollar. Bureau De Change (BDC) operators reported that on Tuesday:

  • Dollar: N1,547 buying / N1,553 selling

  • Euro: N1,770 – N1,785

  • Pound sterling: N2,070 – N2,085

This marks a slight drop from Friday’s closing rates of N1,540 buying and N1,550 selling for the dollar.

Outlook for 2025

Financial analyst Bismarck Rewane projects that the naira could close at N1,492/$ by 2025, buoyed by factors such as the domestication of corporate debt, increased diaspora remittances, and potential Eurobond issuance all expected to boost dollar supply and ease exchange rate pressures.

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

NBTE Reopens TVET Portal for Training Centre Applications | Accreditation Now Open

Next Post

FG Invites Nigerians to Buy ₦100m Homes with Just ₦10m Deposit

Related Posts

Zulum Approves ₦300,000 Support Package, Free Meals, and Scholarships for Borno Students

Zulum Approves ₦300,000 Support Package, Free Meals, and Scholarships for Borno Students

Zulum Approves ₦300,000 Support Package, Free Meals, and Scholarships for Borno Students Governor Babagana Umara Zulum of Borno State has...

Read moreDetails

Man Arrested After Disguising as Dispatch Rider to Murder Ex-Girlfriend in Lagos

Residents of a Lagos estate were left in shock on Thursday night after a young woman, Deborah Porsche, popularly known as Debporsche, was allegedly murdered by her ex-boyfriend, identified simply as Lintex, nearly a year after their breakup. According to reports, Lintex had repeatedly threatened Deborah since their split in August 2024, allegedly vowing: “If I don’t have you, nobody will. If I no marry you, blood go flow.” Deborah’s sister described her as a hardworking interior decorator who had just completed her National Youth Service Corps (NYSC). She further alleged that the deceased endured emotional abuse throughout her relationship with Lintex, which ultimately pushed her to walk away. On the night of the attack, the suspect disguised himself as a dispatch rider in an attempt to infiltrate the estate. Security guards reportedly stopped him at the gate, but he scaled the fence and gained entry to Deborah’s apartment. Eyewitnesses said Lintex first tampered with the gas cylinder line outside the apartment, allegedly trying to cause an explosion. When that failed, he forced his way inside and stabbed Deborah multiple times with a knife he brought along. Alarmed neighbours rushed to the scene and alerted the police. The suspect was subdued and handed over to law enforcement officers. Police authorities have confirmed the incident, stating that investigations are ongoing. Deborah’s tragic death has sparked outrage online and renewed calls for stronger legal protections for women against abusive and obsessive partners.

Residents of a Lagos estate were left in shock on Thursday night after a young woman, Deborah Porsche, popularly known...

Read moreDetails

Akwa Ibom Doctors Face Sanctions Over Death of Pregnant Woman and Baby

Reps Seek Compulsory 5 Year service to Nigeria by Doctors before going abroad

Akwa Ibom Assembly Orders Sanctions Against Doctors Over Death of Pregnant Woman, Baby Three doctors at the Ikot Ekpene General...

Read moreDetails

Niger Governor Bans Pastors and Public Preachers From Preaching in Public

Niger state governor ban public preaching

The Niger state government has ignited a fresh controversy after ordering a ban on all forms of public religious preaching...

Read moreDetails

FG to Train 2,000 Nigerian Youths in Electric Vehicle Maintenance and Manufacturing

FG to Train 2,000 Nigerian Youths in Electric Vehicle Maintenance and Manufacturing

FG to train 2,000 Nigerian youths in electric vehicle skills The Director General of the Youth in Parliament Forum, Tony...

Read moreDetails

Nigeria Risks “Lost Generation” as 80 Million Youths Jobless, 1,500 Schools Shut

NGO warns 80m Nigerian youths unemployed, 1,500 schools shut

Nigeria’s youth population, the largest in Africa, has long been described as the nation’s greatest asset. But rising unemployment, worsening...

Read moreDetails

FG allocates N1.85bn for Chibok Girls

FG allocates N1.85bn for Chibok Girls

FG Approves ₦1.85bn for Education, Rehabilitation of Rescued Chibok Girls   The Federal Government has approved a financial intervention of...

Read moreDetails

Zamfara Gov: I Can End Banditry in 2 Months If…

Governor Dauda Lawa

Governor Dauda Lawal of Zamfara has declared that banditry in the state could be eliminated within two months if state...

Read moreDetails

NYSC Resumes N44,000 Arrears Payment After Two-Month Pause

NYSC Resumes N44,000 Arrears Payment After Two-Month Pause

NYSC Resumes N44,000 Arrears Payment After Two-Month Pause The National Youth Service Corps (NYSC) has resumed the payment of arrears...

Read moreDetails

Collecting Transport Fare From a Man Without Showing Up Is a Punishable Offence – Nigeria Police Warns Women

Collecting Transport Fare From a Man Without Showing Up Is a Punishable Offence – Nigeria Police Warns Women

The Nigeria Police Force has issued a warning to Nigerian women, cautioning that collecting transport fare from men and failing...

Read moreDetails
Load More
Next Post
Buy ₦100m Homes with Just ₦10m Deposit

FG Invites Nigerians to Buy ₦100m Homes with Just ₦10m Deposit

SEARCH ADS

Latest Posts

Zulum Approves ₦300,000 Support Package, Free Meals, and Scholarships for Borno Students
Education

Zulum Approves ₦300,000 Support Package, Free Meals, and Scholarships for Borno Students

Residents of a Lagos estate were left in shock on Thursday night after a young woman, Deborah Porsche, popularly known as Debporsche, was allegedly murdered by her ex-boyfriend, identified simply as Lintex, nearly a year after their breakup. According to reports, Lintex had repeatedly threatened Deborah since their split in August 2024, allegedly vowing: “If I don’t have you, nobody will. If I no marry you, blood go flow.” Deborah’s sister described her as a hardworking interior decorator who had just completed her National Youth Service Corps (NYSC). She further alleged that the deceased endured emotional abuse throughout her relationship with Lintex, which ultimately pushed her to walk away. On the night of the attack, the suspect disguised himself as a dispatch rider in an attempt to infiltrate the estate. Security guards reportedly stopped him at the gate, but he scaled the fence and gained entry to Deborah’s apartment. Eyewitnesses said Lintex first tampered with the gas cylinder line outside the apartment, allegedly trying to cause an explosion. When that failed, he forced his way inside and stabbed Deborah multiple times with a knife he brought along. Alarmed neighbours rushed to the scene and alerted the police. The suspect was subdued and handed over to law enforcement officers. Police authorities have confirmed the incident, stating that investigations are ongoing. Deborah’s tragic death has sparked outrage online and renewed calls for stronger legal protections for women against abusive and obsessive partners.
Headline

Man Arrested After Disguising as Dispatch Rider to Murder Ex-Girlfriend in Lagos

Reps Seek Compulsory 5 Year service to Nigeria by Doctors before going abroad
Headline

Akwa Ibom Doctors Face Sanctions Over Death of Pregnant Woman and Baby

NELFUND Clarifies Upkeep Loan Disbursement and Application Process
Education

No More Upkeep During Holidays – NELFUND Tells Students

Federal Govt Launches ₦50 Million Grant to Support Student Entrepreneurs
Education

Tinubu Commits ₦90bn to Support 400,000 Students Through NELFUND

Niger state governor ban public preaching
Headline

Niger Governor Bans Pastors and Public Preachers From Preaching in Public

Stanbic IBTC Announces 2024/2025 University Scholarship for Nigerian Undergraduates
Education

Stanbic IBTC Announces 2024/2025 University Scholarship for Nigerian Undergraduates ( APPLY NOW)

FG to Train 2,000 Nigerian Youths in Electric Vehicle Maintenance and Manufacturing
Headline

FG to Train 2,000 Nigerian Youths in Electric Vehicle Maintenance and Manufacturing

NGO warns 80m Nigerian youths unemployed, 1,500 schools shut
Headline

Nigeria Risks “Lost Generation” as 80 Million Youths Jobless, 1,500 Schools Shut

How to Report Misbehavior of Soldiers to the Nigerian Army
Daily Guides

How to Report MisReport Misbehavior of Soldiers behavior of Soldiers to the Nigerian Army

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News