Nigeria’s naira slid additional in opposition to the greenback on Tuesday as forex buying and selling resumed after the Easter holidays, recording losses at each the official and parallel markets.
Knowledge from the Central Bank of Nigeria seen by First Information confirmed that the naira dropped to ₦1,602.63 per greenback, down from ₦1,599.93 on Thursday, April 17, earlier than the break. This displays a day-on-day decline of ₦2.70.
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On the parallel market, the forex additionally depreciated, exchanging at ₦1,620 per greenback on Tuesday, April 22, in comparison with ₦1,610 on the weekend.
The black market price mirrors the determine recorded final Thursday earlier than buying and selling paused for the vacation.
The depreciation comes amid international strain on the greenback, influenced by considerations over the US Federal Reserve’s independence and ongoing tariff tensions.
