Naira’s value rises against dollar at official market
The naira appreciated on Monday at the official market, trading N1,600.44 to a dollar.
Data from the Central Bank of Nigeria’s website showed that the naira gained N5.71.
This represents a 0.35 per cent gain compared to N1606.15 per dollar recorded on May 9, 2025.
The naira, which slumped in the early part of the previous week, ended the week on a positive note with a N3.48 gain on Friday.
The local currency traded on May 8, 2025, at N1,609.64 to the dollar.
(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.”
Heading 3
SPECIAL: Many Nigerians at risk as NAFDAC stays silent on cyanide testing in garri with 24 million battling vision loss
A NAFDAC spokeswoman told Peoples Gazette it did not know if cyanide is on the agency’s testing checklist and did not state how often market surveillance is conducted.
Economy
Benin secures €500 million in international financing with ADF support
Benin secured €500 million in international bank financing, supported by the African Development Fund, to facilitate priority investments in several sectors including education.
Economy
Navy recovers 80,000 litres of suspected stolen crude oil in Delta
The Nigerian Navy recovered approximately 80,000 litres of crude oil in anti-crude oil theft operations in Delta State.
States
Kano govt restores 39.8 million-litre Goron Dutse reservoir after 30 years
Governor Abba Yusuf said restoring the facility was part of his government’s broader effort to revive the state’s critical infrastructure.
Sport
AFCON Qualifiers: Guinea-Bissau trash Nigeria 3-0
The victory lifted Guinea-Bissau to the top of Group L with six points while Nigeria’s qualification hopes suffered another setback.
Economy
Pension fund assets rise to N31.8 trillion
The National Pension Commission (PenCom) says pension assets grew by N289.40 billion from the N31.51 trillion recorded at the end of July.
