- NYSC DG Unveils New N77,000 Corps Member Monthly Stipend in a Bid to Boost Youth Empowerment Feb 1, 2025
- EFCC Achieves Over 3,000 Convictions and Recovers Over N156 Billion in Anti-Corruption Drive May 30, 2024
- Dave Chappelle’s Sold-Out Show in Nairobi Highlights His Global Appeal May 27, 2024
- Chelsea FC Eyeing Strategic Double Signing of Samu Omorodion and Victor Osimhen Aug 5, 2024
- How to Watch QPR vs Tottenham Live: TV Channel, Stream, and Pre-Season Highlights Jul 21, 2024
Business
Naira Plummets Past N1,500: Official and Black Market Rates Signal Growing Exchange Rate Tension
- Cedric Malan
- Jun 4, 2025
The naira’s official rate has jumped to ₦1,581.58 per dollar, with black market rates soaring past ₦1,615. The widening gulf between official and parallel markets reflects deepening foreign exchange struggles for Nigeria, driven by liquidity shortages, speculative trading, and economic uncertainty.