Naira records highest depreciation against US dollar
[NigerianEye - Nigeria] - 16/10/2025
The Naira recorded highest depreciation against the United States dollar on Wednesday as the country’s currency sustains decline this week. Central Bank of Nigeria data showed that the naira weakened to N1,473.29 per dollar on Wednesday, down from N1,463.23 on Tuesday. This showed that the N10.06 against the dollar on a day-to-day basis. This is the highest Naira decline at the official FX market this week, as it dropped N5.72 and N2.34 on Tuesday and Monday. The Naira has declined by N18.12 when compared to N1,455.17 per dollar traded on October 10th last week. Meanwhile, at the black (…)
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