Naira slumped slightly in the official window, closed flat on the black market

Nigerian currency, Naira slumped slightly against the US dollar in an official window on Tuesday, March 25, 2025.

According to Nigerian central bank data (CBN), this shows that Naira declined to N1.532.39/$ 1 from N1, 531.19/$ 1 on Monday, March 24, 2025.

This shows that Naira depreciated by N1.20 to the dollar every day.

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

In the black market, Naira was traded in N1.570/$ 1 the same as N1.570/$ 1 the previous day. This is not an advantage or loss for local currencies.

Naira lost N5 to the British pound to trade at N2.025/£ 1 compared to the previous day level N2.020 \ £ 1 ..

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

Naira closed the flat against the euro to be traded in ₦ 1,700/€ 1 the same as the previous day level ₦ 1,700/€ 1.

By: Babajide Okeowo

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