₦airaland Forum

The Naira on Friday recorded the highest depreciation against the United States Dollar this week at the official foreign exchange amid a drop in Nigeria’s external reserves.

The Central Bank of Nigeria’s data on Friday showed that the naira significantly dropped to N1,464.4974 per dollar, down from N1,457.8402, extending its downward trend for the week.

On a day-to-day basis, the Naira declined by N6.6498 per dollar, the highest dip since December 4, 2025.

Overall, the currency shed N12.67 against the dollar during the week under review at the official market, representing its weakest performance in several months.

Similarly, the Naira weakened at the black market to close at N1500 per dollar on Friday, down by N15 when compared with last week when it stood at N1490

.The downward slide of the Naira at official and black market foreign exchange markets comes as the country’s external reserves decline by $0.20 billion, or 0.57 percent, to $45.21 billion as of December 17, 2025, down from $45.47 billion recorded on December 12.




https://dailypost.ng/2025/12/20/naira-records-highest-depreciation-against-us-dollar-as-foreign-reserves-decline/

So much for the renewed Hope. Tinubu should sack Cardoso before he turns Nigeria into Cambodia.

With all the image laundering,, economic indices have shown naira is doing badly.

And with level of borrowing by this administration recovery will be impossible.

Meanwhile it was N200 in 2015, buhari and tinubu have a bad luck curse following them. Agent of chaos

It will never be well with all those who conspired to bring APC to power, Ameachi, El Rufai, Ngige, Saraki, Oshomole, Tunde bakare, soyinka, Adeboye, and all the APC Supporters in Nigeria n on nairaland

The weak crude oil demand occasioned by the slowing US and world economy has blown a massive blow to government projected revenues.

Just wahala upon wahala.

From the looks of things, I expect the Naira to depreciate more if government fiscal position does not improve.

Which slowing world and US economy.
Mind you subsidy is gone. I mean all federal govt subsidies are gone, yet the govt. is borrowing more than any govt. before him. All you enemies of the people will surely be disgraced keep supporting evil because is from your tribesmen.

grandstar:
The weak crude oil demand occasioned by the slowing US and world economy has blown a massive blow to government projected revenues.

Just wahala upon wahala.

From the looks of things, I expect the Naira to depreciate more if government fiscal position does not improve.