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Naira Records Biggest One-Day Gain Against Dollar This Week
The Nigerian naira recorded its most significant appreciation of the week against the US dollar on Wednesday at the official foreign exchange market, according to new data released by the Central Bank of Nigeria (CBN).....KINDLY READ THE FULL STORY HERE▶
The naira climbed to N1,596.68 per dollar, marking a notable improvement from the previous day’s exchange rate of N1,599.70. This gain of N3.02 contrasts with Tuesday’s modest appreciation of just N0.20, signaling a stronger upward momentum midweek.
However, this positive trend at the official window was not mirrored in the parallel market. The naira weakened slightly in the black market, sliding by N3 to trade at N1,608 per dollar—down from Tuesday’s N1,605.
Abubakar Alhasan, a Bureau de Change operator based in Wuse Zone 4, Abuja, confirmed the black market figures, noting, “We are buying at N1,602 and selling at N1,608.”
This divergence between the official and parallel markets continues to reflect differing supply and demand dynamics, even as the central bank intensifies efforts to stabilize the naira.
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Ex-Senator Marafa Dumps ADC For NDC Three Weeks After Defection
Former Senator representing Zamfara Central, Kabiru Marafa, has left the African Democratic Congress (ADC) and joined the Nigeria Democratic Congress (NDC).....KINDLY READ THE FULL STORY HERE▶
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Champions League: PSG Beat Bayern In Nine-Goal Semi-final Thriller.
Khvicha Kvaratskhelia and Ousmane Dembélé both scored twice as Paris Saint-Germain edged Bayern Munich 5–4 in a dramatic first-leg UEFA Champions League semi-final clash on Tuesday, marking the highest-scoring semi-final match in the competition’s history.....KINDLY READ THE FULL STORY HERE▶
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2027: Osifo Speaks On Alleged Presidential Sponsorship By Tinubu.
An aspirant for the 2027 presidential ticket of the All Progressives Congress (APC), Stanley Osifo, has dismissed claims that President Bola Tinubu is backing his ambition to create the appearance of competition within the party’s presidential race.....KINDLY READ THE FULL STORY HERE▶
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