Trending News: Families Still Search for 17,000 Missing Nigerians, ICRC Says.Rapid Distress Response Saves Mother, Two Children From Kidnappers in Ondo.Imumolen Raises Alarm Over Alleged Threats After Osun Election.Tinubu Orders Intensified Search for Niger Mosque Abduction Victims.Kalu Calls for Shift From Oil Dependence to Domestic Production.Ebeloku felicitates Muslims on Eid-El-MauludOlabode Omoyele hails Aiyedatiwa over Oba Adesida flyover launch Accusing Aiyedatiwa of Anti-Party Activities Is Inhuman’ — PoroyeNBC Academy Marks 30 Years of Building Supply Chain Talent.Olabode Omoyele Congratulates Aiyedatiwa’s New Appointees, Charges Them On Service DeliveryAdeleke Begins Post Election Consultations In Abuja.Ondo Expands Political Team With 1,000 New Aides.Olabode Omoyele salutes Bunmi Tunji Ojo over relief for Ondo South flood victimsOsun Defeat Exposes APC’s Internal Fault Lines Ahead of 2027.Nigeria Targets 6,000MW Wheeling Capacity As Grid Investment Expands.Sowore Urges Shift From Cannabis Destruction To Economic Regulation.Okitipupa Bar under Tola Odusola,Esq: a leadership that attracts giant strides towards success as Gov.Aiyedatiwa fulfills NBA Day PromiseOlabode Omoyele commends INEC, security agencies over peaceful Osun guber pollOsun Election: SERAP Seeks Probe Into Reported Electoral Offences.Adeleke Drops EFCC Suit After Tinubu Intervention.Adeleke gets 2nd term victory,wins Osun Guber poll with over 500,000 votesNaiyeju extols Olusegun Agagu for road expansion vision,congratulates Senator FaduyileTinubu To Publish Details Of Fuel Subsidy Savings.Senator Faduyile’s move to get NEMA’S reliefs yields as NEMA mobilizes personnel to Ondo SouthOndo Youths Must Lead With Skills, Integrity, Says OlabodeLagos-Calabar Coastal Road will unlock Ondo’s economic potential says OmoyeleArogbo Ijaw Chief Council, Abuja visits Senator FaduyileOriire Abduction: Oyo Opens Inquiry To Security Questions.ASUU Strike Puts Academic Activities At AAUA On Hold.Senator Faduyile donates 1 Million Naira to support Dakiz Empowerment initiativeSenator Faduyile mourns Kunle Odidi’s passingOsun Guber poll: Olabode sues for calm, peaceful pollSenator Faduyile pays on-spot evaluation visit to flooded areas in OkitipupaTemitope Osoba’s Death: Fiancé Raises Fresh Questions Ahead of Burial.Borno Churches Mobilise Prayers for Abducted Schoolchildren, Other Victims.Abia Monarch Apologises Over Viral Election Remark, Rejects Threats.Faduyile congratulates APC Chair,Yiltwada on birthdayWorkers’ Welfare: Labour Seeks New Wage Review as Living Costs Rise.Nigeria’s Debt Shift Deepens as Domestic Borrowing Takes Larger Share.Lagos Moves To Secure Bridge After Vandalism Raises Safety Concerns.Police Close In On Suspects In Imo Monarch’s Murder Investigation.Tinubu’s de-freeze order on Osun state account reflects patriotism- OlabodeState Police Bill:Senator Faduyile commends NASS,says bill to combat insecurityOlabode Omoyele condemns Afrophobic sentiment against Nigerians in South Africa Military Pay Rise Signals Fresh Push to Strengthen Troop Welfare.Adeleke Raises Due Process Concerns Over Alleged Plan to Freeze Osun Accounts.Opposition Unveils 2027 Strategy, Makes Economy Central Campaign IssueOsun Poll: Adeleke Raises Fresh Concerns Over Electoral Security, Appeals to Tinubu.Ondo flooding: Olabode calls for govt help over challengeOlabode Omoyele congratulates Jimi Odimayo on his Primary’ victory Cleric Raises Concerns Over Presidential Decision Making, Urges Receptiveness to AdviceOyedepo Calls for Urgent Action as Security, Economic Concerns Dominate Public Discourse.Governor Aiyedatiwa Commissions OSOPADEC’s 1km Walkway, Flags Off Additional 3km Concrete Walkway, Inaugurates Water Scheme in Obe-NlaOkitipupa flood: Senator Faduyile commiserates victims, promises to raise Aiyetoro challenge at plenaryAAUA ASUU strike: Olabode hails Aiyedatiwa’s release of intervention fundPeace Committee Urges Calm as Osun Leaders Sign Pre-Election Accord.FG Intensifies Crackdown on Illegal Arms, Destroys 2,819 Weapons in Abuja.Atiku Shifts Focus to Economy, Security in Fresh Response to Tinubu’s 2027 Remarks.Police Restrict Election Security to Approved Agencies Ahead of Osun Governorship Poll.Gratitude Visit to the Palace: Otunba (Dr.) Oluyemi Badero Reaffirms Commitment to Esure Kingdom’s DevelopmentFaduyile felicitates Senate Leader, Opeyemi Bamidele on birthdayFaduyile felicitates Senate Leader, Opeyemi Bamidele on birthdayINEC Strengthens Election Safeguards Despite Attack on Osun PVC Centre.Oyebanji Honours Former Ekiti Governors With State Buildings Named After Them.ROYAL SPLENDOUR AS OBA KASALI MARKS 5TH CORONATION ANNIVERSARY, HONOURS DR OLUYEMI BADERO WITH OTUNBA BOBAGUNWA TITLENigeria Pushes for Stronger Diplomatic Safeguards Amid Renewed Xenophobia Concerns.Police Step Up Election Security After Armed Attack Disrupts PVC Distribution in Osun.It is time for APC to unite again in Ondo State- Olabode Omoyele Sowore Urges Technology-Driven Reforms as Nigeria Faces Fourth Industrial Revolution.Accord Party Backs Tinubu, Seeks Peaceful Osun Governorship Election.Families Mark Nearly Six Months Of Agony As 176 Abductees Remain Missing In Kwara.Ondo Multi-door Courthouse stakeholders engagement holds in Akoko as CJ promises ADR centerOSOPADEC Rejects Links to Ondo Assembly Crisis and Warns of Legal ActionState Police Bill Sparks Fresh Debate Over Legislative Procedure.New Security Outfit Targets Forest Hideouts As Insecurity Concerns Grow In Kwara.Senate Pushes Plan To Drive Jobs, Investment Through Local Offices For Social Media Firms.Oyo EFCC Dispute Raises Fresh Debate Over Limits Of Investigative Powers.Faduyile announces Senator Meroyi’s death at the SenateOlabode Omoyele congratulates Prince Bamgbose on his birthday Service Wide Vote Dispute Renews Calls for Budget Transparency.Fubara Declares End to Political Rift, Calls for Unified Support Ahead of 2027.Olabode expresses grief over Senator Meroyi’s deathNew Army Battalion Approved as Kwara Moves to Strengthen Security Response.Aketi @70: The Lion of Ondo Still Roars In Our Hearts- Olabode OmoyeleJonathan Says Trust-Building Was Key to Niger Delta Peace Process.Adebutu Pledges Local Government Autonomy, Alleges Diversion of Council Funds by Governors.Internal Accord Party Rift Raises Fresh Questions Over 2027 Electoral Strategy.Finance Minister Defends Debt Figures, Says Public Borrowing Has Been Misrepresented.Borno Education Summit Pushes for Stronger School Safety After Fresh Student Abductions.One year on: Ezekiel Imoleayo Adeniran,the Registrar who did not shout to be heard but worked to be rememberedOlabode to Oba Akinrutan: I most heartily celebrate your Imperial Majesty Group Seeks Greater Transparency as Calls Grow for Independent Probe into Mary Habila’s Death.US Aid to Nigeria Faces New Conditions Over Religious Violence Concerns.APGA Prioritises Legislative Contests, Backs Tinubu for 2027 Presidency.Reps 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Wed. Aug 26th, 2026
Trending News: Families Still Search for 17,000 Missing Nigerians, ICRC Says.Rapid Distress Response Saves Mother, Two Children From Kidnappers in Ondo.Imumolen Raises Alarm Over Alleged Threats After Osun Election.Tinubu Orders Intensified Search for Niger Mosque Abduction Victims.Kalu Calls for Shift From Oil Dependence to Domestic Production.Ebeloku felicitates Muslims on Eid-El-MauludOlabode Omoyele hails Aiyedatiwa over Oba Adesida flyover launch Accusing Aiyedatiwa of Anti-Party Activities Is Inhuman’ — PoroyeNBC Academy Marks 30 Years of Building Supply Chain Talent.Olabode Omoyele Congratulates Aiyedatiwa’s New Appointees, Charges Them On Service DeliveryAdeleke Begins Post Election Consultations In Abuja.Ondo Expands Political Team With 1,000 New Aides.Olabode Omoyele salutes Bunmi Tunji Ojo over relief for Ondo South flood victimsOsun Defeat Exposes APC’s Internal Fault Lines Ahead of 2027.Nigeria Targets 6,000MW Wheeling Capacity As Grid Investment Expands.Sowore Urges Shift From Cannabis Destruction To Economic Regulation.Okitipupa Bar under Tola Odusola,Esq: a leadership that attracts giant strides towards success as Gov.Aiyedatiwa fulfills NBA Day PromiseOlabode Omoyele commends INEC, security agencies over peaceful Osun guber pollOsun Election: SERAP Seeks Probe Into Reported Electoral Offences.Adeleke Drops EFCC Suit After Tinubu Intervention.Adeleke gets 2nd term victory,wins Osun Guber poll with over 500,000 votesNaiyeju extols Olusegun Agagu for road expansion vision,congratulates Senator FaduyileTinubu To Publish Details Of Fuel Subsidy Savings.Senator Faduyile’s move to get NEMA’S reliefs yields as NEMA mobilizes personnel to Ondo SouthOndo Youths Must Lead With Skills, Integrity, Says OlabodeLagos-Calabar Coastal Road will unlock Ondo’s economic potential says OmoyeleArogbo Ijaw Chief Council, Abuja visits Senator FaduyileOriire Abduction: Oyo Opens Inquiry To Security Questions.ASUU Strike Puts Academic Activities At AAUA On Hold.Senator Faduyile donates 1 Million Naira to support Dakiz Empowerment initiativeSenator Faduyile mourns Kunle Odidi’s passingOsun Guber poll: Olabode sues for calm, peaceful pollSenator Faduyile pays on-spot evaluation visit to flooded areas in OkitipupaTemitope Osoba’s Death: Fiancé Raises Fresh Questions Ahead of Burial.Borno Churches Mobilise Prayers for Abducted Schoolchildren, Other Victims.Abia Monarch Apologises Over Viral Election Remark, Rejects Threats.Faduyile congratulates APC Chair,Yiltwada on birthdayWorkers’ Welfare: Labour Seeks New Wage Review as Living Costs Rise.Nigeria’s Debt Shift Deepens as Domestic Borrowing Takes Larger Share.Lagos Moves To Secure Bridge After Vandalism Raises Safety Concerns.Police Close In On Suspects In Imo Monarch’s Murder Investigation.Tinubu’s de-freeze order on Osun state account reflects patriotism- OlabodeState Police Bill:Senator Faduyile commends NASS,says bill to combat insecurityOlabode Omoyele condemns Afrophobic sentiment against Nigerians in South Africa Military Pay Rise Signals Fresh Push to Strengthen Troop Welfare.Adeleke Raises Due Process Concerns Over Alleged Plan to Freeze Osun Accounts.Opposition Unveils 2027 Strategy, Makes Economy Central Campaign IssueOsun Poll: Adeleke Raises Fresh Concerns Over Electoral Security, Appeals to Tinubu.Ondo flooding: Olabode calls for govt help over challengeOlabode Omoyele congratulates Jimi Odimayo on his Primary’ victory Cleric Raises Concerns Over Presidential Decision Making, Urges Receptiveness to AdviceOyedepo Calls for Urgent Action as Security, Economic Concerns Dominate Public Discourse.Governor Aiyedatiwa Commissions OSOPADEC’s 1km Walkway, Flags Off Additional 3km Concrete Walkway, Inaugurates Water Scheme in Obe-NlaOkitipupa flood: Senator Faduyile commiserates victims, promises to raise Aiyetoro challenge at plenaryAAUA ASUU strike: Olabode hails Aiyedatiwa’s release of intervention fundPeace Committee Urges Calm as Osun Leaders Sign Pre-Election Accord.FG Intensifies Crackdown on Illegal Arms, Destroys 2,819 Weapons in Abuja.Atiku Shifts Focus to Economy, Security in Fresh Response to Tinubu’s 2027 Remarks.Police Restrict Election Security to Approved Agencies Ahead of Osun Governorship Poll.Gratitude Visit to the Palace: Otunba (Dr.) Oluyemi Badero Reaffirms Commitment to Esure Kingdom’s DevelopmentFaduyile felicitates Senate Leader, Opeyemi Bamidele on birthdayFaduyile felicitates Senate Leader, Opeyemi Bamidele on birthdayINEC Strengthens Election Safeguards Despite Attack on Osun PVC Centre.Oyebanji Honours Former Ekiti Governors With State Buildings Named After Them.ROYAL SPLENDOUR AS OBA KASALI MARKS 5TH CORONATION ANNIVERSARY, HONOURS DR OLUYEMI BADERO WITH OTUNBA BOBAGUNWA TITLENigeria Pushes for Stronger Diplomatic Safeguards Amid Renewed Xenophobia Concerns.Police Step Up Election Security After Armed Attack Disrupts PVC Distribution in Osun.It is time for APC to unite again in Ondo State- Olabode Omoyele Sowore Urges Technology-Driven Reforms as Nigeria Faces Fourth Industrial Revolution.Accord Party Backs Tinubu, Seeks Peaceful Osun Governorship Election.Families Mark Nearly Six Months Of Agony As 176 Abductees Remain Missing In Kwara.Ondo Multi-door Courthouse stakeholders engagement holds in Akoko as CJ promises ADR centerOSOPADEC Rejects Links to Ondo Assembly Crisis and Warns of Legal ActionState Police Bill Sparks Fresh Debate Over Legislative Procedure.New Security Outfit Targets Forest Hideouts As Insecurity Concerns Grow In Kwara.Senate Pushes Plan To Drive Jobs, Investment Through Local Offices For Social Media Firms.Oyo EFCC Dispute Raises Fresh Debate Over Limits Of Investigative Powers.Faduyile announces Senator Meroyi’s death at the SenateOlabode Omoyele congratulates Prince Bamgbose on his birthday Service Wide Vote Dispute Renews Calls for Budget Transparency.Fubara Declares End to Political Rift, Calls for Unified Support Ahead of 2027.Olabode expresses grief over Senator Meroyi’s deathNew Army Battalion Approved as Kwara Moves to Strengthen Security Response.Aketi @70: The Lion of Ondo Still Roars In Our Hearts- Olabode OmoyeleJonathan Says Trust-Building Was Key to Niger Delta Peace Process.Adebutu Pledges Local Government Autonomy, Alleges Diversion of Council Funds by Governors.Internal Accord Party Rift Raises Fresh Questions Over 2027 Electoral Strategy.Finance Minister Defends Debt Figures, Says Public Borrowing Has Been Misrepresented.Borno Education Summit Pushes for Stronger School Safety After Fresh Student Abductions.One year on: Ezekiel Imoleayo Adeniran,the Registrar who did not shout to be heard but worked to be rememberedOlabode to Oba Akinrutan: I most heartily celebrate your Imperial Majesty Group Seeks Greater Transparency as Calls Grow for Independent Probe into Mary Habila’s Death.US Aid to Nigeria Faces New Conditions Over Religious Violence Concerns.APGA Prioritises Legislative Contests, Backs Tinubu for 2027 Presidency.Reps Promise Strong Safeguards Against Abuse in Proposed State Police System.Senator Faduyile felicitates Ondo Governor’s wife over birthdayNCDC Urges Vigilance as Lassa Fever Cases Rise Across Four States.Court Affirms Teachers’ Retirement Protection, Voids FG’s Eight-Year Director Tenure Policy.
Wed. Aug 26th, 2026

Naira plunges to new low at forex markets

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  • February 20, 2024
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Naira plunges to new low at forex markets

Tamarauemi Ebimini

The Nigerian currency plummeted further against the United States dollar across both the official and unofficial markets on Monday.

According to data published on the FMDQ website, the local currency closed at N1,598.54/$1 at the official market on Monday as against N1,537.96 recorded in the previous market last Friday.

Monday’s rate represents a 3.94 per cent depreciation from the previous market rate last Friday.

The Naira experienced an intraday high of N1,100/$1 and a dip of N1,712.00 before the market settled at N1,598.54 at the close of business on Monday.

Forex turnover at the authorised market stood at $66.43 million amidst a surge in demand and inflationary pressure across sectors of the country’s economy.

Similarly, the Naira hit a new low at the unofficial market on Monday amidst high demand for the greenback.

Unofficial market data indicated that the domestic unit commenced trading at the open market at ₦1,659.772 on Monday.

However, reports say it eventually slipped to N1,700 and above across parallel markets in the country as against N1,619 recorded in the previous session last Friday.

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