Naira Continues Depreciation Against Dollar At The Black Market

February 28, 2025

Naira Continues Depreciation Against Dollar At The Black Market

The Naira continued its depreciation against the dollar at the parallel foreign exchange market on Thursday.

A Bureau de Change operator in Wuse Zone 4, Abuja, Abubakar Alhasan, 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.

Post Views: 9

About Author

Abiodun Apoeso

Abiodun Apoeso is a skilled content writer and digital marketing specialist with a passion for crafting compelling stories and driving online engagement. With expertise in SEO, social media marketing, and content strategy, he helps brands build strong digital identities and connect with their target audiences.

Abiodun has worked with businesses across various industries, creating high-quality content that boosts visibility and conversions. His ability to blend creativity with data-driven strategies ensures impactful marketing campaigns that deliver results.

When he’s not writing or optimizing content, Abiodun stays updated on industry trends, exploring new ways to enhance brand growth in the digital space.

View All Articles

Check latest article from this author !