Market News

By Ogaga Ariemu

The naira depreciated against the dollar across foreign exchange markets to begin the week despite a drop in Nigeria’s inflation.

The Central Bank of Nigeria’s foreign exchange data showed that the Naira fell to N 1,528.03 per dollar from N 1,517.93 exchanged on Friday last week.

This means that the Naira dropped by N10.1 per dollar when compared to the exchange rate recorded at the close of last week.

Similarly, a Bureau De Change operator in Wuse Zone 4 in Abuja, Abubakar Alhasan, said the Naira weakened to N1,577 per dollar from N1,570 traded last week.

However, another BDC operator said the Naira strengthened to N1,585 per dollar from N1,590.

This comes amid Nigeria’s inflation figure, which showed that the nation’s inflation dropped to 23.18 percent in February 2025 compared to 24.48 percent in January 2025.

What Buhari told me when I asked him to reveal his desired successor – El-rufaiDiscover President Tinubu breaks silence on Rivers crisisDiscover New Skin Discovery|Sponsored by Taboola Forget Aging: This Simple Ingredient Helps "Crepey" SkinRead MoreSkip Tinubu’s message to me shamed them – El-Rufai mocks criticsDiscover Buhari breaks silence on dumping APCDiscover

Forget Aging: This Simple Ingredient Helps "Crepey" SkinNew Skin Discovery|Sponsored Dr Sarah Brewer: Take 1 Cup Before Bed, Watch Your Body Thin DownFull Nutrition Secrets|Sponsored Plastic Surgeon Reveals The 1 Thing Every Woman Should Be Using Instead Of MoisturiserNew Skin Discovery|Sponsored Gut Expert: Simple Tip "Flushes Out" Years Of Rotting Digestive WasteNew Energy Findings|Sponsored >span class="video-label video-description video-label-flex-cta-item trc_ellipsis" slot="description">Nighttime incontinence, especially in women, can be incredibly disruptive and challenging. Frequent trips to the bathroom rob you of precious sleep and leave you feeling drained and anxious. But it doesn't have to be this way!Jude|Sponsored Learn More How to Fully Clean Your Ear in Just 15 SecondsOROclear|Sponsored Cardiologist: Eat Chocolate Before Bed and Watch What HappensFull Nutrition Secrets|Sponsored >span class="video-label video-description" slot="description">New Skin Discovery|Sponsored Many pensioners don't know they can get a walk-in shower covered by the governmentWalk-in showers | Search Ads|Sponsored Learn More Seniors Relieving Neuropathy at Home with NVS TechnologyUse this NVS device for 15 minutes daily to help relieve nerve pain and promote healthy feet.Nerve Health Journal|Sponsored Learn More Millions of Brits Are Cancelling Amazon Prime After Discovering This Smart TrickBefore renewing Amazon Prime, don’t miss this simple trick to save big!Karma Shopping|Sponsored Read More >span class="video-label video-description video-label-flex-cta-item trc_ellipsis" slot="description">Nighttime incontinence, especially in women, can be incredibly disruptive and challenging. Frequent trips to the bathroom rob you of precious sleep and leave you feeling drained and anxious. But it doesn't have to be this way!Jude|Sponsored Learn More People Aged 50-85 With No Life Insurance Could Get ThisSimply answer a few questions to apply for your free quoteReassured|Sponsored Get Quote Recycling Laws Are Changing for Businesses—Here’s What You Need to Do.New recycling rules start soon! Businesses with 10+ employees must comply. Biffa makes it easy—get expert guidance on Simpler Recycling and ensure your business is ready for the changes.Biffa|Sponsored Learn More Checkout These Amazing SUVs That Won't Break The Bank!PopularSearches | Search Ads|Sponsored Click Here Related Topics:dollarnaira Don't Miss

Nigerian Govt clears Max Air to resume operations after suspension