Categories: Business

Naira depreciates against dollar in official market

The naira closed the week slightly weaker on Friday, December 5, 2025, recording a loss of N2.60 against the United States dollar at the official foreign exchange market.

Data released by the Central Bank of Nigeria (CBN) showed that the naira settled at N1,450.42.

The latest closing rate represents a 0.17 per cent depreciation when compared with Thursday’s level of N1,447.82, which itself showed limited pressure on market stability.

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On Wednesday, the local currency exchanged at N1,447.64, marking a 0.1 per cent decline as demand for the dollar continued to outweigh available supply.

The naira had earlier traded at N1,445.39 on Tuesday, representing a 0.2 per cent loss when set beside Monday’s rate of N1,448.43 per dollar.

The week’s movements highlight ongoing fragility in the official window, where modest fluctuations have become increasingly common in recent months.

The Star

Segun Ojo

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