The naira depreciated in the official market on Monday, March 3, 2025, trading at N1,498.98 to a dollar.
Data from the Central Bank of Nigeria (CBN) showed the naira lost N6.49.
This represents a 0.43 per cent decline compared to Friday, February 28, when it closed at N1,492.49 to the United States dollar.
Nigerians groan as banks begin new ATM charges
The loss followed a three-day appreciation recorded the previous week.
In spite of this, the naira has remained relatively stable against the dollar due to CBN’s reforms promoting transparency in the foreign exchange market.
Analysts continue to commend the CBN for the local currency’s steady progress since December 2024.
United States President Donald Trump and Ukrainian President Volodymyr Zelensky, in Rome for the funeral…
The Kaduna State Government will convene an education summit as part of its strategy to…
The Department of State Services (DSS) has reportedly recovered 50 AK47 rifles, six pump-action shotguns,…
The Federal Bureau of Investigation (FBI) operatives on Friday, April 25, 2025, arrested a United…
The former President of Brazil, Fernando Collor de Mello, was arrested and taken to prison…
The Joint Admissions and Matriculation Board (JAMB) has delisted four Computer-Based Testing (CBT) centres and…
This website uses cookies.
![](data:image/svg+xml;charset=utf-8,<svg height="250px" width="250px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
