Naira Records Second Depreciation Against Dollar On Official FX Market

Alfred Williams June 25, 2025 0

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 This indicates that the naira declined by N0.52 against the dollar on a day-to-day basis.

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The naira has again depreciated at the official exchange on Tuesday.

 

Data released by the Central Bank showed that the naira recorded its second consecutive depreciation of the week.

 

The naira weakened to N1,549.04 on Tuesday, from N1,548.52 traded on Monday.

 

This indicates that the naira declined by N0.52 against the dollar on a day-to-day basis.

 

Meanwhile, in the black market, it remained flat at N1,595 per dollar on Tuesday, the same rate exchanged on Monday.

 

Recall that the naira also recorded depreciation against the dollar on Monday at the official market, but gained on the parallel market.

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