- South African Wonderkid Shandre Campbell Seals Groundbreaking Move to Club Brugge Jul 11, 2024
- PSG Eager to Reverse 1-0 Champions League Setback Against Borussia Dortmund May 7, 2024
- Nigerian Man Arrested for Allegedly Trafficking Teenage Girls to Ghana for Prostitution – High Commissioner Jun 11, 2024
- Chelsea Finalizes ₤100m Transfer of João Félix from Atlético Madrid, Bolstering Attack Aug 20, 2024
- France's Snap Parliamentary Election: Left-Wing Coalition Secures Most Seats - A Victory for Progressive Policies Jul 8, 2024
Tag: Nigerian economy
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.