The Nigerian currency, the naira, appreciated against the American dollar at the official window while depreciating at the black market on Monday, March 3, 2025, signalling a mixed reaction.
The naira traded at N1,499/$1 at the official window against the N1,500/$1 the previous day.
This represents a N1 gain for the local currency.
At the black market, the naira traded at N1,506/$1 losing N1 when compared to the N1505/$1 the previous day.
Meanwhile, the naira lost N20 against the British Pound to trade at N1,900/£1 as against the previous day’s rate of N1,880£1.
The Canadian Dollar still held steady at N1,200/CA$1.
The naira lost N10 against the Euro to trade at ₦1,560/€1 as against the previous day’s rate of ₦1,550/€1.
By: Babajide Okeowo
Source: Ripples