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The naira depreciated to N1,441.75 against the United States dollar in the Nigerian Foreign Exchange Market (NFEM) on Tuesday, November 4, 2025.
The naira also depreciated to N1,457 per dollar in the parallel market from N1,455 per dollar recorded on Monday.
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Data published by the Central Bank of Nigeria (CBN) revealed that the exchange rate for the local currency rose to N1,441.75 per dollar from N1,438 per dollar on Monday, indicating N3.75 depreciation for the naira.
The margin between the parallel market and NFEM rate dropped to N15.25 per dollar from N17 per dollar recorded on Monday.
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