Advertisement
The naira depreciated at the official market on Friday, May 2, 2025, trading at N1,602.18 to the United States dollar.
Data from the Central Bank of Nigeria (CBN) website showed that the naira lost N5.49.
This represents a 0.34 per cent loss when compared to the N1,596.69 per dollar recorded on Wednesday, April 30, before the Workers’ Day holiday on Thursday, May 1.
Advertisement
Nigeria gets Gavi’s $191m to boost health system, immunisation
The naira had remained relatively static for three trading days, from Monday, April 28, to Wednesday, April 30, when it traded at N1,599.95, N1,599.71, and N1,596.69, respectively.
The local currency, which closed the current week on a negative note, had also opened the trading week with a minimal loss of 0.02 per cent.
Latest posts by Segun Ojo (see all)
- ‘Terrorists won’t find safety’: Tinubu orders security chiefs to move to Maiduguri over bomb blasts - March 17, 2026
- ‘I’ve done it this season’: Guardiola seeks revival against Real Madrid - March 17, 2026
- Latest developments in Middle East war - March 17, 2026
Advertisement
