{"id":158909,"date":"2025-04-07T23:34:39","date_gmt":"2025-04-07T22:34:39","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-sinks-to-its-lowest-since-trumps-tariff"},"modified":"2025-04-15T12:08:38","modified_gmt":"2025-04-15T11:08:38","slug":"naira-sinks-to-its-lowest-since-trumps-tariff","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-sinks-to-its-lowest-since-trumps-tariff","title":{"rendered":"Naira sinks to its lowest since Trump\u2019s tariff"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The naira depreciated significantly against the dollar at the official foreign exchange market, reaching its lowest point since United States President Donald Trump\u2019s tariff announcement.<\/p>\n<p>The Central Bank of Nigeria\u2019s exchange data showed that the naira fell to N1,612.23 per dollar on Monday, from N1,567.02 traded on Friday last week.<\/p>\n<p>The data revealed that the naira weakened by N45.21 against the dollar on Monday compared to N1,567.02 traded the previous week.<\/p>\n<p>A Bureau de Change operator in Wuse Zone 4, Abuja, Abubakar Alhasan stated that FX was sold on the black market at N1,575 per dollar on Monday, higher than last Friday\u2019s exchange rate.<\/p>\n<p>The depreciation at the official rate occurred despite the Central Bank\u2019s intervention with $197 million last Friday.<\/p>\n<p>Monday\u2019s naira depreciation surpassed that of April 4, 2025, when Trump announced the tariffs.<\/p>\n<p>DAILY POST reports that the Nigerian Exchange Market joined global stocks in a crash, described as \u2018Black Monday.\u2019<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The naira depreciated significantly against the dollar at the official foreign exchange market, reaching its lowest point since United States President Donald Trump\u2019s tariff announcement. The Central Bank of Nigeria\u2019s exchange data showed that the naira fell to N1,612.23 per dollar on Monday, from N1,567.02 traded on Friday last week. The data [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":158908,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1623,254],"class_list":["post-158909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-naira","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Naira sinks to its lowest since Trump\u2019s tariff - Nigeria<\/title>\n<meta name=\"description\" content=\"The naira depreciated significantly against the dollar at the official foreign exchange market, reaching its lowest poin ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-sinks-to-its-lowest-since-trumps-tariff\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira sinks to its lowest since Trump\u2019s tariff\" \/>\n<meta property=\"og:description\" content=\"The naira depreciated significantly against the dollar at the official foreign exchange market, reaching its lowest poin ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-sinks-to-its-lowest-since-trumps-tariff\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-07T22:34:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-15T11:08:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/04\/sm_1744056409.899488.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-sinks-to-its-lowest-since-trumps-tariff#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-sinks-to-its-lowest-since-trumps-tariff\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira sinks to its lowest since Trump\u2019s tariff\",\"datePublished\":\"2025-04-07T22:34:39+00:00\",\"dateModified\":\"2025-04-15T11:08:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-sinks-to-its-lowest-since-trumps-tariff\"},\"wordCount\":175,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-sinks-to-its-lowest-since-trumps-tariff#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/04\/sm_1744056409.899488.jpg\",\"keywords\":[\"naira\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-sinks-to-its-lowest-since-trumps-tariff#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-sinks-to-its-lowest-since-trumps-tariff\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-sinks-to-its-lowest-since-trumps-tariff\",\"name\":\"Naira sinks to its lowest since Trump\u2019s tariff - 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