The naira depreciated against the dollar at official and parallel foreign exchange markets barely 24 hours to 2025.
FMDQ data showed that the naira closed at N1,538.55 per dollar on Monday from N1,534 traded on Friday, losing N4.55.
Similarly, at the black market, the naira dipped marginally to N1,662 per dollar on Monday from N1,660 traded the previous day.
As the year winds down, a recent report by Afrinvest projected that the naira may depreciate to N1804 per dollar in 2025.
Meanwhile, the Centre for the Promotion of Private Enterprise said Nigeria’s inflation currently stood at 34.60 per cent in November and would moderate in the new year.
