The naira depreciated at the official market on Friday, April 4, 2025, trading at N1,567.02 to a United States dollar.
Data from the Central Bank of Nigeria (CBN) website showed that the naira lost N14.49.
This represents a 0.93 per cent loss when compared to N1,552.53 per dollar recorded on Thursday.
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The local currency which opened on a positive note after the Sallah holiday gained N5.56 on Wednesday, April 2, representing a 0.36 per cent gain against the dollar.
However, the naira slumped by 1.38 per cent on Thursday, April 3, representing a loss of N21.28.
The naira had enjoyed relative stability against the dollar since December 2024, due to CBN’s reforms promoting transparency in the foreign exchange market.
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