CBN exchange rate
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Naira Falls Against Dollar in Official and Parallel Markets
The Nigerian naira slid against the U.S. dollar across both the official and parallel markets on Friday, July 4, 2025, ending a week of earlier gains on a sour note and reigniting concerns over the stability of the nation’s foreign exchange market. According to data from the Central Bank of Nigeria (CBN), the naira closed […]
Naira Falls Against Dollar at Official Exchange Market
Nigeria’s local currency, the naira, further weakened against the United States dollar at the official foreign exchange (FX) market on Friday, closing at ₦1,602.18 per dollar, according to data published on the Central Bank of Nigeria (CBN) website. This marks a ₦5.49 loss from the ₦1,596.69 recorded before the mid-week Workers’ Day holiday on Wednesday, […]