Naira Depreciates Against Dollars in The Foreign Exchange.

Ifeyinwa Susan Francis.

Naira has depreciated against the dollar at the official foreign exchange market on Tuesday, 24 hours after recording gains.

This was made known by Daily Post on the 8th July, 2025.

Following the data from the Central Bank of Nigeria, the naira dropped to N1,529.22 against the dollar on Tuesday, 8th of July, compared to N1,528.33 on Monday, 7th of July.

The development means that the naira weakened by N0.89 against the dollar daily.

Meanwhile, the naira remained flat on the black market against the dollar at N1,550 on Tuesday, the same rate as the previous day.

According to Daily Post, the naira appreciated across foreign exchange markets on Monday.

In the first half of 2025, the naira averaged N1,556 per dollar at the official market.

Nigeria’s currency, the naira, depreciated against the dollar at the official foreign exchange market on Tuesday, 24 hours after recording gains.

According to data from the Central Bank of Nigeria, the naira dropped to N1,529.22 against the dollar on Tuesday, compared to N1,528.33 on Monday.

The development means that the naira weakened by N0.89 to the dollar on a day-to-day basis.

Meanwhile, the naira remained flat on the black market against the dollar at N1,550 on Tuesday, the same rate as the previous day.

According to Daily Post, the naira appreciated across foreign exchange markets on Monday.

In the first half of 2025, the naira averaged N1,556 per dollar at the official market.