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)
- UCL play-off draw: Real Madrid to face Benfica as Juventus meet Galatasaray - January 30, 2026
- Senate passes N58.4trn 2026 budget March 17 - January 30, 2026
- ‘No cause for alarm’: Turaki faction vows to appeal court judgement voiding PDP convention - January 30, 2026
Advertisement
