Naira ends July weaker at official market, closes at N1,368.22 per dollar
The naira closed July on a weaker note at the official foreign exchange market, extending its week-long depreciation to settle at N1,368.22 against the dollar on Friday.
Data from the Central Bank of Nigeria (CBN) showed that the local currency depreciated by N1.49, or 0.1 per cent, from N1,366.72 per dollar recorded on Thursday.
The naira remained relatively stable throughout July but posted marginal losses during the week despite ongoing foreign exchange reforms by the apex bank.
The currency opened the week on Monday at N1,362.20 per dollar, reflecting an 11-kobo depreciation from the previous trading session.
It weakened further to N1,365.53 per dollar on Tuesday before closing at N1,366.71 per dollar on Wednesday.
The local currency maintained its downward trend on Thursday at N1,366.72 per dollar before ending the month at N1,368.22 per dollar on Friday.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
NERDC gives publishers August 7 deadline to submit textbooks for assessment, reassessment Â
‎Mr ‎Shehu warned that no submissions would be accepted after the August 7 deadline.
States
Edo rearrests couple over alleged child abuse
The commissioner said the victim had been placed under protective care.
Hot news Home top
Tinubu hails move as Gavi commits $500 million to Nigeria’s immunisation programme in next five years
Mr Tinubu expressed appreciation to Gavi for its commitment to improving healthcare outcomes and supporting vaccine access in Nigeria.
Heading 2
Naira ends July weaker at official market, closes at N1,368.22 per dollar
Data from the Central Bank of Nigeria (CBN) showed that the local currency depreciated by N1.49, or 0.1 per cent, from N1,366.72 per dollar recorded on Thursday.
Sport
Commonwealth Games: Nathaniel strikes gold in men’s 400m hurdles, Onwuzurike clinches 200m silverÂ
Nathaniel’s victory marked Nigeria’s first gold medal in a track event at the 2026 Commonwealth Games.
Heading 5
Troops foil abduction attempt in Borno, rescue 31 passengers, recover four vehicles
The operation spokesperson added that the rescued victims and recovered vehicles were subsequently escorted to Buratai.
