₦airaland Forum

Naira continues depreciation against dollar at official forex marketPublished on June 26, 2025By Ogaga Ariemu

The naira continued depreciation against the dollar at the official foreign exchange market on Wednesday.

The Central Bank of Nigeria exchange rate data on Wednesday showed that the Naira weakened slightly to N1,549.26 on Wednesday from N1,549.04.

This means that the Naira marginally dropped by N0.22 against the dollar on Wednesday.

DAILY POST reports that this is the third time Naira has recorded depreciation against the dollar this week.

Meanwhile, at the Naira black market, the Naira gained N5 on Wednesday to close at N1,590 per dollar, up from N1,595 the previous day.

This showed that the naira ended Wednesday with sentiments at both foreign exchange markets.

Recall that on Monday and Tuesday this week, the Naira depreciated at the official market but has remained relatively stable at the black market.

Sheuns:
Tinubu: (During campaigns) In two years Naira will trade at 300 against the dollar.

Tinubu (As President):

SoftSport:
The way the naira keeps going up and down shows what many countries are facing right now.

Around the world, money is losing value in some places because of things like high prices, wars, and changes in interest rates.

It’s not just Nigeria, many countries are finding it hard to keep their money strong these days.

casualobserver:
N1549.02 to 1549.46 is what they are making into a headline?

Ibehchizzy:
please give me your twitter handle
Make I tell u wetin Dey my mind

Osiris12:
Abi he don give you ni. Make you abuse his generation

treesun:
https://dailypost.ng/2025/06/26/naira-continues-depreciation-against-dollar-at-official-forex-market/

casualobserver:
N1549.02 to 1549.26 is what they are making into a headline?

DeLaRue:
That goes to show most of the things you read in the Nigeria media are sponsored for political reasons.

Terrible people.

Why did nairaland moderators move this totally deceptive thread to front page

A currency barely changes, and you report it as losing value.

In reality, Naira has been one of the most stable currencies in Africa this year.

You can't build a successful country when virtually everyone is intent on undermining anything good.

SoftSport:
The way the naira keeps going up and down shows what many countries are facing right now.

Around the world, money is losing value in some places because of things like high prices, wars, and changes in interest rates.

It’s not just Nigeria, many countries are finding it hard to keep their money strong these days.

PlasmaTV:
Buhari met it at $1/N220.
He left it at $1/N800.

Tinubu took it from N800 to N1,600.

Before APC, I used to convert $100 for roughly 20k.
After APC, $100 is now N160,000.
Make it make sense.

Have you thought about the impact this is having on the cost of goods? Importation?

You can't "out-propaganda" a failing and falling economy, bro.

Karikashi:
But helinues said one naira is now equal to one dollar.

richmond500:
u convert 100$ to 20k in black market in Nigeria?
Guy lie small small na

richmond500:
u convert 100$ to 20k in black market in Nigeria?
Guy lie small small na

SoftSport:
The way the naira keeps going up and down shows what many countries are facing right now.

Around the world, money is losing value in some places because of things like high prices, wars, and changes in interest rates.

It’s not just Nigeria, many countries are finding it hard to keep their money strong these days.

christejames:
That's not Tinubu's problem



Nigeria 🇳🇬 can burn until he grabs the 2027 seat again

Junior66:
Ol0do, If you understood how exchange rates work you wouldn't be saying this. All currencies cannot be losing at the same time, it is a two way thing. Your loss means another currency gains, your gain means another currency loses. In this case Nigeria lost, it means there is a gain for the dollar.

Nigeria's are only asking why their own currency is always at the losing end..

richmond500:
u convert 100$ to 20k in black market in Nigeria?
Guy lie small small na