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 Records First Depreciation Against Dollar on Black Market
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 Records First Depreciation Against Dollar on Black Market

Business

Naira Records First Depreciation Against Dollar on Black Market

Olaitan Sodiq
Olaitan Sodiq
Published: June 9, 2025
Last updated: June 9, 2025
2 Min Read
Share
Naira Records First Depreciation Against Dollar on Black Market | Daily Report Nigeria
SHARE
  • The naira has recorded its first depreciation against the dollar on the black market since the start of the week.
  • According to a Bureau de Change operator, the naira fell to N1,490 per dollar on Wednesday, losing N10 from its previous rate.
  • In the official market, the naira stood at N1,495.91 per dollar on Tuesday, with the Central Bank of Nigeria yet to release its FX data for Wednesday.

The Nigerian naira has recorded its first depreciation against the United States dollar on the black market since the start of the week.

According to a Bureau de Change operator at Wuse Zone 4, Abuja, the naira fell to N1,490 per dollar on Wednesday.

READ ALSO: CBN’s FX Reforms Stabilize Naira, Says Expert

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

This represents a loss of N10 from its previous rate of N1,485 traded on Tuesday.

The naira had sustained its gains against the dollar on Monday and Tuesday across foreign exchange markets.

In the official market, the naira stood at N1,495.91 per dollar on Tuesday, as the Central Bank of Nigeria has yet to release its FX data for Wednesday.

CBN’s Forex Policies Working, Naira Undervalued by 26.35% – Rewane

Bismarck Rewane, Managing Director of Financial Derivatives Company, has expressed confidence in the Central Bank of Nigeria’s (CBN) foreign exchange policies, stating they are yielding positive results and aligning the naira closer to its fair value.

Rewane made this statement on the Global Business Report show on Arise TV.

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

Latest Updates

Chelsea Must Sell £60m in Players to Register New Signings | Daily Report Nigeria
Chelsea Must Sell £60m in Players to Register New Signings
Sports
Imaobong Nse Uko Slams AFN Over Two-Year Ban | Daily Report Nigeria
Imaobong Nse Uko Slams AFN Over Two-Year Ban
Sports
JAMB Uncovers 17,000 Students in Fake Admission Syndicate, Releases Mop-Up UTME Results | Daily Report Nigeria
JAMB Uncovers 17,000 Students in Fake Admission Syndicate, Releases Mop-Up UTME Results
News
Natasha
Natasha set to resume Tuesday after six-month suspension overturned
Politics
NDPC Slams MultiChoice With ₦766m Fine Over Data Privacy Breaches | Daily Report Nigeria
NDPC Slams MultiChoice With ₦766m Fine Over Data Privacy Breaches
Business

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

Dangote Refinery Misses Production Date
BusinessNews

Dangote Refinery Commences Production of Diesel, Aviation Fuel

June 14, 2025
Economy Gets N1.1trn Boost As 75 Firms, MSMES Benefit From Loans | Daily Report Nigeria
Business

Economy Gets N1.1trn Boost As 75 Firms, MSMES Benefit From Loans

June 11, 2025
Dangote, Nigerian Refineries Will Not Change Fuel Price - NNPCL
Business

NNPC Declares ‘War’ on Crude Oil Production Challenges

June 14, 2025
Nigeria Wins Bid to Host $5 Billion African Energy Bank | Daily Report Nigeria
Business

Nigeria Wins Bid to Host $5 Billion African Energy Bank

June 15, 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?