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Business & Economy
Business & Economy

Naira falls against dollar at official market

The FrontierThe FrontierMay 3, 2025 2540 Minutes read0

•Naira and Dollar notes

The Naira depreciated yesterday at the official market, trading at N1,602.18 to the dollar.

Data from the Central Bank of Nigeria (CBN) website showed that the Naira lost N5.49, reports NAN.

This represents a 0.34 per cent loss when compared to the N1,596.69 per dollar recorded on Wednesday, April 30, before the Workers’ Day holiday on Thursday, May 1.

The Naira had remained relatively static for three trading days, from Monday, April 28, to Wednesday, April 30, when it traded at N1,599.95, N1,599.71, and N1,596.69, respectively.

The local currency, which closed the current week on a negative note, had also opened the trading week with a minimal loss of 0.02 per cent.

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