Naira Declines Against Dollar Following Trump’s Inauguration, Loses N2.47 at Official Exchange Rate
The Nigerian currency, the naira, reacted negatively to the inauguration of Donald Trump as the 47th President of the United States by depreciating marginally against the dollar at the official window on Monday, January 20, 2025. FMDQ data showed that the naira depreciated to N1550.05 /$1 on Monday, January 20, 2025, from N1.547.58/$1 recorded on…
