The Nigerian foreign money, the naira, depreciated towards the American greenback on the black market on Wednesday, April 9, 2025.
That is whilst there is no such thing as a official charges from the Central Financial institution of Nigeria (CBN) International trade knowledge a number of hours after the market closed.
On the black market, the naira fell to N1,620/$1 as towards the day prior to this’s price of N1, 565/$1. This represents a lack of N55 for the native foreign money.
Equally, the naira misplaced N35 towards the British Pound to commerce at N2,050/£1 as towards the day prior to this’s price of N2,015/£1.
The Canadian Greenback nonetheless held regular at N1,150/CA$1 identical because the earlier price of N1,150/CA$1.
The naira misplaced N50 towards the Euro to commerce at ₦1,720/€1 as towards the day prior to this’s price of ₦1,670/€1.
By Babajide Okeowo
