Home Africa Nigeria: Naira crashes again, depreciates to N1,615/$ in parallel market

Nigeria: Naira crashes again, depreciates to N1,615/$ in parallel market

Nigeria: Naira crashes again, depreciates to N1,615/$ in parallel market

Africa Links 24 with Adam Mosadioluwa
Published on 2025-04-30 07:15:58

The naira continued its downward trend on Tuesday, falling to N1,615 per dollar in the parallel market, a further slide from N1,610 per dollar recorded the previous day.

Similarly, in the Nigerian Foreign Exchange Market (NFEM), the naira depreciated to N1,602 per dollar.

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According to data released by the Central Bank of Nigeria (CBN), the indicative exchange rate rose to N1,602 per dollar, up from N1,596 on…

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