Bloomberg: Naira Breaks Away from Oil as Confidence in FG’s Reforms Grows Appreciates to N1540/$ on parallel market
Emmanuel Addeh in Abuja and Nume Ekeghe in Lagos with agency report
The Naira appears to be breaking away from the price of oil, the nation’s main foreign-exchange earner, a mark of growing confidence in
the nation’s economy. This was as the naira gained marginally on the parallel market yesterday to close at N1,540 to a
dollar, stronger than the N1560 to a dollar it closed the previous day. On the other hand, the nation’s currency however depreciated
marginally to close yesterday at N1,530.50 to a dollar on the official Nigerian Foreign Exchange Market (NFEM), compared with the N1,528
to a dollar it closed the previous day. The naira has traded within a Continued on page 32
US Slashes Non-immigrant Visas to 3-month Single Entry for Nigeria, Others... Page 8 Wednesday 9 July, 2025 Vol 30. No 11049. Price: N400
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Damagum to Disloyal PDP Members: Leave Our Party Now Chuks Okocha in Abuja Peoples Democratic Party (PDP),
yesterday, issued a stern warning to members involved in anti-party activities, declaring zero tolerance for
disloyalty ahead of the upcoming Federal Capital Territory (FCT) Area Council elections.
The warning was delivered during a certificate presentation ceremony held at the PDP FCT
secretariat, where candidates for the local council polls received their official nominations.
Speaking on behalf of PDP NaContinued on page 32
ADC: Tinubu’s Failure Behind US’ Snub APC: ADC is ‘Mortally Wounded’ Mark declares party has no preferred presidential choice, pledges transparency Lukman: Coalition won’t handover structures to Atiku, Obi, Amaechi, others, says Dumebi Kachikwu long expelled Idris: Coalition backers bias over alleged reforms stagnation
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IMPROVED ENERGY ACCESS ON THEIR MINDS...
L-R: Operations Manager, The World Bank, Nigeria, Taimur Samad; CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All, Damilola Ogunbiyi; Hon. Minister of Power, Adebayo Adelabu; Hon. Minister of Innovation, Science and Technology, Uche Geoffrey Nnaji, and Director, Energy Financial Solutions, African Development Bank, Wale Shonibare, during High-Level Mission 300 Energy Forum in Abuja…yesterday