The naira continued its depreciation streak against the dollar at the official foreign exchange market on Thursday.
According to the Central Bank of Nigeria’s exchange rate data, the naira weakened slightly to N1,549.49 from N1,549.21.
This means that the naira dropped marginally by N0.28 against the dollar on a day-to-day basis.
Media Talk Africa reports that this is the third straight depreciation of Nigeria’s currency, the naira, against the dollar since Monday, January 16, 2025.
Similarly, the naira also lost steam at the black market to N1,600 per dollar on Thursday from N1,595 traded on Wednesday.
Recall that the naira depreciated at the official market on Wednesday, just like on Tuesday.
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