By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Naira Continues Depreciation Against Dollar, Records Highest Weekly Decline
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Naira Continues Depreciation Against Dollar, Records Highest Weekly Decline

Business

Naira Continues Depreciation Against Dollar, Records Highest Weekly Decline

Olaitan Sodiq
Olaitan Sodiq
Published: June 3, 2025
Last updated: June 3, 2025
2 Min Read
Share
Naira Continues Depreciation Against Dollar, Records Highest Weekly Decline | Daily Report Nigeria
SHARE
  • The Nigerian naira continued to depreciate against the US dollar at the foreign exchange market on Friday.

  •  According to the Central Bank of Nigeria’s exchange rate data, the naira fell to N1,517.24 on Friday from N1,512.30 on Thursday.

  •  The naira’s depreciation was also reflected in the black market, where it remained flat at N1,580 per dollar, after recording its highest fall from N1,525 earlier in the week.

The Nigerian naira continued its downward trend against the US dollar at the foreign exchange market on Friday, ending the week on a negative note.

According to the Central Bank of Nigeria’s exchange rate data, the naira fell to N1,517.24 on Friday from N1,512.30 exchanged on Thursday.

On a day-to-day basis, this showed that the naira dropped by N4.94 to the dollar compared to the N1,512.30 exchange rate on Thursday.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

READ ALSO: Naira Records First Depreciation Against Dollar on Black Market

Meanwhile, the black market naira remained flat at N1,580 per dollar, the same rate recorded on Thursday when it had the highest fall from N1,525 in the week under review.

The development comes as Nigeria’s external reserves declined by $1.31 billion, which stood at $38.42 billion on February 28th from $39.72 billion at the end of January 2025.

Naira Depreciates Further Against Dollar at Black Market

The Naira continued its downward trend against the dollar at the parallel foreign exchange market on Thursday, exchanging at N1500 per dollar.

According to Abubakar Alhasan, a Bureau de Change operator in Wuse Zone 4, Abuja, the Naira dropped by N10 from the previous day’s exchange rate of N1490 per dollar.

Continue Reading Here

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:Dollar to naira exchange rate
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Ballon d’Or winner Aitana Bonmati hospitalised with viral meningitis | Daily Report Nigeria
Ballon d’Or winner Aitana Bonmati hospitalised with viral meningitis
Sports
Who is Dr. George Elombi? Incoming Afreximbank President | Daily Report Nigeria
Who is Dr. George Elombi? Incoming Afreximbank President
Fact File
Police Arrest 100 Gay Wedding Attendees in Delta
Akwa Ibom APC Chairman Killed In Brawl With PDP Supporters Over Largesse
Metro
Filmmaker Kayode Peters Dies in Canada | Daily Report Nigeria
Filmmaker Kayode Peters Dies in Canada
Entertainment
10 Things to Know About Late Kano-Born Business Mogul, Aminu Dantata | Daily Report Nigeria
10 Things to Know About Late Kano-Born Business Mogul, Aminu Dantata
News

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

NCC Approves MTN and NTEL Spectrum Lease Deal
Business

NCC To Name, Shame Banks Over N200bn Ussd Debt

June 11, 2025
Dangote Names Lagos Refinery Road After Herbert Wigwe on Tribute Night | Daily Report Nigeria
Business

Dangote Names Lagos Refinery Road After Herbert Wigwe on Tribute Night

June 11, 2025
BREAKING: Bitcoin Soars Past $100,000
Business

BREAKING: Bitcoin Soars Past $100,000

June 3, 2025
RMAFC Opposes President Tinubu’s Tax Reform Bills | Daily Report Nigeria
Business

RMAFC Opposes President Tinubu’s Tax Reform Bills

June 5, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?