- Elon Musk's Controversial Comments on Child's Gender Transition Spark Outrage and Debate Jul 23, 2024
- Naira Plummets Past N1,500: Official and Black Market Rates Signal Growing Exchange Rate Tension Jun 4, 2025
- France's Snap Parliamentary Election: Left-Wing Coalition Secures Most Seats - A Victory for Progressive Policies Jul 8, 2024
- Malawi's Urgent Search for Missing Military Plane with Vice President: International Support Pouring In Jun 12, 2024
- Legendary Fitness Guru Richard Simmons Passes Away at Age 76 Jul 14, 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.