ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Friday, September 12, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Exchange Rates

BREAKING: Naira Records Highest Depreciation Against Dollar Since April

Similarly, at the black market, the naira weakened by N5 on Thursday to N1,560 per dollar from N1,555 traded on Wednesday.

by NewsOnline Nigeria
April 5, 2025
in Exchange Rates, Headline
0
Naira

Naira

Naira has recorded the highest depreciation against the dollar since April 2025.

 

NewsOnline Nigeria reports that the Nigerian naira recorded its highest depreciation against the dollar this week at the official foreign exchange market amid United States of America President Donald Trump’s tariff announcement.

 

According to data from the Central Bank of Nigeria (CBN), the naira dropped to N1,552.53 per dollar on Thursday, April 3, 2025,  from N1,531.25 on Wednesday, April 2, 2025.

 

ALSO: President Tinubu Names Nasir Abdulsalam As New Ajaokuta Steel MD

 

The development means the naira slumped by N21.28 against the dollar on Thursday compared to N1,531.25 exchanged the previous day.

 

The depreciation of the naira from N1,531.25 to N1,552.53 per dollar on Thursday is the highest depreciation against the dollar on a single day since March 22, when the currency dropped by N18.96 weekly at the official market.

 

Similarly, at the black market, the naira weakened by N5 on Thursday to N1,560 per dollar from N1,555 traded on Wednesday.

 

The development comes despite CBN’s announcement that the country’s Net Foreign Exchange Reserve (NFER) as of the end of 2024 stood at $23.11 billion, the highest level in over three years.

 

The drop in the naira at both official and parallel foreign exchange markets follows Trump’s administration’s tariff announcement on Wednesday, which sparked outrage across the world.

 

Meanwhile, economic experts say Trump’s 10 percent baseline tariffs would affect US-Nigeria trade worth $10 billion.

 

The chief executive officer of the Centre for the Promotion of Private Enterprise, Dr Muda Yusuf on Thursday in a statement said Trump’s tariff would affect Nigeria’s economy because it has brought an end to the African Growth and Opportunity Act.

 

“This could have implications for the naira exchange rate,” the CPPE chief stated.

ADVERTISEMENT
Previous Post

Black Market Dollar To Naira Exchange Rate In Lagos, FCT, April 5th 2025

Next Post

BREAKING: Senate Gives Fresh Update On 1999 Constitution Amendment, Tax Reform Bills

Next Post
1999 Constitution Amendment, Tax Reform Bills

BREAKING: Senate Gives Fresh Update On 1999 Constitution Amendment, Tax Reform Bills

Trending Stories

Charlie Kirk

Watch Moment Charlie Kirk Was Shot Dead at Utah Campus Event (VIDEO)

NUPRC

NUPRC Secures $400M Oilfield Decommissioning Liabilities, Tightens Rules on Asset Divestments

Air Peace Pilot

BREAKING: Air Peace Pilot and Co-pilot Test Positive For Alcohol, Hard Drugs

Watch Viral Sex Video of Anambra Married Woman

Watch Viral Sex Video Of Anambra Married Woman With Husband’s Best Friend

Minister Imaan Sulaiman-Ibrahim

Women Affairs Ministry Staff Lock Out Minister Imaan Sulaiman-Ibrahim in Abuja (VIDEO)

Technical Schools In Nigeria

FG Approves 26 Trades For Technical Schools In Nigeria (FULL LIST)

Dangote Refinery

BREAKING: Dangote Refinery Begins Direct Petrol Supply to 11 States (FULL LIST)

Emeka Ufomba

BREAKING: EFCC Declares Emeka Ufomba Wanted Over Alleged Diversion of Public Funds

Former NNPC GM

BREAKING: Former NNPC GM Convicted In US Over $2.1 Million Bribe (PHOTOS)

Union Bank

Union Bank Faces Uncertain Future as It Scrambles for New Core Investor

Latest Stories

NABTEB

NABTEB Releases 2025 NBC/NTC Results; Mathematics Performance Sees Significant Improvement

FCCPC

FCCPC Recovers Over N10 Billion for Consumers in Banking, Fintech, and Other Sectors

5% Telecom Tax On Voice

BREAKING: FG Removes 5% Telecom Tax On Voice, Data Services

Dangote Refinery

BREAKING: Dangote Refinery Begins Direct Petrol Supply to 11 States (FULL LIST)

FirstBank

BREAKING: FirstBank Wins Appeal in Landmark Case Against General Hydrocarbons Ltd

Jonathan

Jonathan Camp Courts Kwankwaso in Alliance Talks Ahead of 2027 Elections

Jonathan, Obi

Jonathan, Obi in Fresh Talks as Opposition Push for 2027 Gains Momentum

Wema Bank

Wema Bank Completes ₦150 Billion Rights Issue, Secures CBN and SEC Approval, Exceeds Capital Requirement

Air Peace Pilot

BREAKING: Air Peace Pilot and Co-pilot Test Positive For Alcohol, Hard Drugs

Technical Schools In Nigeria

FG Approves 26 Trades For Technical Schools In Nigeria (FULL LIST)

ADVERTISEMENT

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria