Naira Continues Depreciation Against Dollar at the Black Market

Posted by Thandiubani on Fri 28th Feb, 2025 - tori.ng

For the second time this week, the naira had weakened at the black market.

 
The Naira has again depreciated against the dollar at the parallel foreign exchange market on Thursday.
 
This is according to information released by Bureau de Change operator in Wuse Zone 4, Abuja, Abubakar Alhasan.
 
He told DAILY POST that the Naira dropped to N1500 per dollar on Thursday from N1490 exchanged on Wednesday.
 
This showed that the Naira fell by N10 against the dollar on Thursday compared to the N1,490 per dollar exchange rate the previous day.
 
Recall that this is the second time this week, the naira had weakened at the black market.
 
Meanwhile, at the official market, the Naira rose slightly by N0.04 to N1,499.07 on Thursday from N1,499.11 on Wednesday.
 
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