Naira, slips further as Nigerian currency loses ground against dollar, pound, and euro. At the close of trading on Tuesday, Naira exchanged at ₦1602.67 per U.S. dollar, down from ₦1601.45 the previous day—representing a 0.0762% depreciation. While modest in numerical terms, the shift reflects continued uncertainty in Nigeria’s currency markets and broader macroeconomic headwinds. Weakening Across the Board The Naira also recorded losses against other major global currencies. It fell 0.7183% against the British Pound, moving from ₦2116.49 to ₦2131.74. This was the most significant single-day loss recorded against a major currency. The Pound’s strength, driven by renewed investor confidence…
Author: Olaoluwa Vincent Ajayi
The Nigerian naira appreciated by 0.56% against the U.S. dollar today, strengthening to ₦1601.45/$1 from ₦1610.49/$1 recorded on May 12, 2025. The local currency also posted a 1.13% gain against the British pound, with the exchange rate improving from ₦2140.71/£1 to ₦2116.49/£1. Although modest, these gains highlight ongoing volatility in Nigeria’s foreign exchange market, driven by shifting currency demand, constrained supply, and continued interventions by the Central Bank of Nigeria (CBN). Daily Naira Market Rates (May 13, 2025) US Dollar: ₦1601.45/$1 Euro: ₦1778.40/€1 Pound Sterling: ₦2116.49/£1 Chinese Yuan: ₦222.41/¥1 Despite the recent improvements, the naira remains highly sensitive to both…
In the city of Manchester, United Kingdom, on April 26, 2025, s2fum a vision of grace and style, celebrated her 45th birthday in breathtaking fashion and vibrant sophistication. Pictured beside a stunning white Rolls Royce, Funmi radiated joy and confidence, a true embodiment of celebratory glamour. Her gown, a mesmerizing shade of lime green, flowed with an ethereal quality, its intricate detailing catching the light with every movement. The delicate embellishments shimmered, adding a touch of magic to her already luminous presence. Dazzling gold earrings complemented the striking gown. The backdrop of a classic luxury vehicle further underscored the celebratory…
Despite his imprisonment in The Hague on charges of crimes against humanity, former Philippine President Rodrigo Duterte appears set to win an election, showcasing his enduring popularity in his stronghold of Davao. Duterte, known as “The Punisher” for his hardline stance, was arrested in March in connection with his controversial “war on drugs,” which human rights groups allege resulted in the extrajudicial killings of up to 30,000 people. Despite denying any wrongdoing, Duterte’s arrest has seemingly galvanized his support, particularly in Davao, where he served as mayor for 22 years. “His ICC arrest doesn’t really shake the core of who…
WASHINGTON D.C. – As US President Donald Trump grapples with the complexities of Middle East policy, he has sought counsel from former UK Prime Minister Sir Tony Blair, a figure with extensive experience in the region’s intricate political landscape, source revealed. This move comes amidst Trump’s growing frustration in his efforts to broker an end to the ongoing conflict in Gaza. Sources close to the administration reveal that Trump, currently preparing for a crucial visit to Saudi Arabia to secure US economic investment, is leaning on Blair’s “natural mediator” skills and established contacts within the region. “Mr. Blair is an…
Foreign students face deportation if they fail to secure graduate-level roles, and migrants to the United Kingdom may soon face a 10-year wait before becoming eligible for citizenship—unless they can demonstrate a “real and lasting contribution” to British society and the economy—under sweeping immigration reforms to be unveiled by Prime Minister Sir Keir Starmer. In a long-anticipated white paper on immigration, the Labour government is set to overhaul a decades-old framework that previously allowed migrants to apply for indefinite leave to remain—and ultimately, citizenship—after five years of residency. The new proposal seeks to extend this timeline to 10 years, unless…
What does it take to live to 117? For Maria Branyas Morera, the answer may lie in a diet rich in yogurt, daily walks, and an intentional life free of alcohol, cigarettes—and toxic people. Until her peaceful passing in August 2024, Morera held the title of the world’s oldest living person. Born in San Francisco in 1907 to Catalan parents and a resident of Spain since childhood, her remarkable longevity has intrigued scientists, nutritionists, and medical experts globally. Now, new research may have unlocked some of her secrets. A recent study—currently awaiting peer review—revealed that Morera’s biological cells were functioning…
LAGOS, Nigeria — May 12, 2025 — The naira depreciated slightly against the world’s major currencies (U.S. dollar, British pound, euro, and Chinese yuan) on Sunday. Although the movements were marginal, they have drawn considerable attention from economic analysts, traders, and international observers, reflecting the continued volatility of Nigeria’s foreign exchange regime. Data from Google Finance indicates that the naira declined by 0.21% against the U.S. dollar and 0.16% against the British pound sterling. Analysts attribute this depreciation to short-term shifts in foreign currency demand, improved liquidity conditions, and recent interventions by the Central Bank of Nigeria (CBN). As of…
Lagos, May 11, 2025 — The Nigerian naira remained largely stable against the U.S. dollar today, holding firm at ₦1607.11/$1, the same rate recorded in the previous trading session on May 10. However, the naira recorded a modest gain against the British pound, appreciating by 0.30%, as the exchange rate moved from ₦2138.10/£1 to ₦2137.22/£1. While small, this shift reflects continued volatility in Nigeria’s foreign exchange market, driven by shifting demand, constrained supply, and ongoing monetary interventions by the Central Bank of Nigeria (CBN). Daily Naira Market Rates (May 11, 2025) US Dollar: ₦1607.11/$1 Euro: ₦1810.90/€1 Pound Sterling: ₦2137.22/£1 Chinese…
Lagos, May 10, 2025 — The Nigerian naira appreciated by 0.23% against the U.S. dollar today, reflecting subtle shifts in forex demand and the effects of recent monetary policies. According to official data, the exchange rate improved from ₦1610.76/$1 on May 9 to ₦1607.11/$1 on May 10. The modest gain, though small, highlights the continued volatility and pressure in Nigeria’s foreign exchange market. Analysts attribute the movement to fluctuating demand, constrained dollar supply, and ongoing interventions by the Central Bank of Nigeria (CBN). Daily Naira Market Rates (May 10, 2025) US Dollar: ₦1607.11/$1 Euro: ₦1810.90/€1 Pound Sterling: ₦2138.10/£1 Chinese Yuan:…
