Naira returns to depreciation against dollar at official foreign exchange market

The naira returned to depreciation against the dollar at the official foreign exchange and ended the week on a negative note.

The Central Bank of Nigeria’s data showed that the naira weakened to N1,539.24 against the dollar on Friday from N1,536.08 traded on Thursday.

This means that it dropped by N3.12 against the dollar on a day-to-day basis.

The drop in the country’s currency on Friday comes as a swooping N13.18 gain against the dollar on Thursday at the official market.

Meanwhile, at the black market, the naira appreciated to N1,570 per dollar from N1,580 exchanged on Thursday.

Media Talk Africa reports that on a week-on-week basis, the Naira gained N8.12 and N30 at the official and black markets, respectively, when compared to the N1,547.36 and N1,600 exchanged at both markets last week, Friday, 20 June 2025.