Naira continues to decline in the official window, respecting on the black market

Nigerian currency, Naira continued to decline against the US dollar in an official window on Wednesday, March 26, 2025.

According to Nigerian central bank data (CBN), this shows that Naira declined to N1.537.62/$ 1 from N1.532.39/$ 1 recorded on Tuesday, March 25, 2025.

This shows that Naira depreciated by N5.23 to the dollar every day.

Also read: Naira makes a little recovery in the official window, the black market

In the black market, Naira was traded in N1, 560/$ 1 compared to N1, 570/$ 1 the previous day. This represents the profit of N10 for local currencies.

Naira gained N5 against British pounds to trade at N2,020/£ 1 compared to the previous day level N2.025 \ £ 1.

Canadian dollars still survive stable in N1, 200/Ca $ 1.

Naira also obtained N10 against Euro to trade in ₦ 1,690/€ 1 compared to the previous day level ₦ 1,700/€ 1.

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