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Naira depreciates against dollar across official, black markets after Easter holidays

Published on April 23, 2025 at 05:08 AM

Nigeria's currency, the naira, depreciated against the dollar at the official and parallel foreign exchange markets upon the resumption of work after Easter holidays.

The Central Bank of Nigeria's data showed that it weakened to N1,602.63 per dollar on Tuesday from N1,599.93 exchanged on Thursday last week.

This means that it declined by N2.7 against the dollar on a day-to-day basis.

Similarly, the on Tuesday from N1610 at the weekend.

The N1,620 dollar exchange rate at the

The development comes following the to US Federal Reserve independence and the tariff war.

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