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Naira depreciates against dollar across FX markets

Summary by Daily Post Nigeria
The naira recorded significant depreciation against the dollar across official and parallel foreign exchange markets this week. Central Bank of Nigeria exchange data showed that the naira weakened to N 1,583.73 against the dollar on Tuesday compared to N 1,579.40 traded on Monday. This means that the naira depreciated by N4.33 against the dollar on a day-to-day basis at the official FX market. Similarly, the naira dropped by N2 to N1617 per doll…

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Daily Post Nigeria broke the news in Nigeria on Tuesday, May 27, 2025.
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