Naira records 77 kobo gain against dollar at official market
The naira closed the trading week bullish on Friday, trading at N1,532.34 to the U.S. dollar at the official market.
According to data released on the Central Bank of Nigeria’s official website, naira gained 77 kobo against the dollar.
This represents a 0.05 per cent gain compared to the trading figure of N1,533.11 per dollar recorded at the close of trading on Thursday.
The local currency which recorded steady appreciation the previous week, also opened the new trading week on Monday, July 14, 2025, with an N11.37 gain against the dollar.
However, Nigeria went into national mourning following the death of former President Muhammadu Buhari on Sunday, July 13, 2025, at a hospital in London at the age of 82.
President Bola Tinubu declared seven days of national mourning and a public holiday on Tuesday in honour of the late former President.
Mr Buhari was laid to rest on Tuesday in his hometown, Daura, Katsina State.
After resumption from the public holiday on Wednesday, the naira slumped, recording a loss of N11.36.
On Thursday the local currency further slumped losing N2.85 before making a slight recovery of 77 kobo 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.”
Agriculture
FG establishes mega farms in four states
He said NALDA targets establishing mega farm estates across the six geopolitical zones to address challenges affecting agricultural production and create modern farming communities.
World
Russian jailed 13 years for smuggling aircraft parts to Ukraine
The FSB said the man intended to deliver the spare parts to a key enterprise that maintains military aircraft and helicopters for the Ukrainian forces.
![Governor Ahmed Ododo of Kogi [Photo Credit: Twitter]](https://gazettengr.com/wp-content/uploads/G_al6PKXIAAfMKN.jpg)
States
Kogi School Abduction: We will never negotiate with criminals, Gov. Ododo says
“Let me reiterate that we will never negotiate with criminals. We will never pay ransom. We will rid Kogi of criminals,” Mr Ododo said.
NationWide
Nigeria, UN, U.S. deepen anti-crime partnership with first national strategy
The national strategy is expected to be officially unveiled on August 17.
World
Chinese President Xi seeks global cooperation to build artificial intelligence governance system
Chinese President Xi Jinping urged nations to build a just and equitable global artificial intelligence governance system.
Anti-Corruption
TD Bank insiders facilitating money laundering, fraud jailed 70 months
During the money-laundering scheme, 1,680 official bank checks were processed at TD Bank, totalling more than $92 million.
