The Nigerian currency, the naira, slumped further against the American dollar at both the official and parallel windows on Friday, March 7, 2025.
The naira traded at N1, 517.24/$1 at the official window against the N1,512.30/$1 the previous day.
This represents a loss of N4.94 for the local currency.
At the black market, the naira traded at N1,585/$1 losing N5 when compared to the N1,580/$1 the previous day.
READ ALSO:Mixed reaction as Naira appreciates at official window, depreciates at black market
Similarly, the naira lost N75 against the British Pound to trade at N2,000/£1 as against the previous day’s rate of N1,925£1.
The Canadian Dollar still held steady at N1,200/CA$1.
The naira slumped against the Euro to trade at ₦1,650/€1 as against the previous day’s rate of ₦1,620/€1 representing a loss of N30 for the local currency.
By: Babajide Okeowo
Source: Ripples
