{"id":165277,"date":"2025-06-02T10:39:06","date_gmt":"2025-06-02T09:39:06","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-depreciates-against-dollar-at-black-market"},"modified":"2025-06-02T11:46:43","modified_gmt":"2025-06-02T10:46:43","slug":"naira-depreciates-against-dollar-at-black-market","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-at-black-market","title":{"rendered":"Naira depreciates against dollar at black market"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>Nigeria\u2019s currency, the naira, recorded depreciation against the dollar at the parallel foreign exchange market to end the week on a negative note.<\/p>\n<p>Bureau de Change operator in Wuse Zone 4, Abuja, Abubakar Alhasan, confirmed that the naira dropped to N1,628 per dollar on Friday from N1,623 traded on Thursday.<\/p>\n<p>\u201cWe buy at N1,624 per dollar and sell between N1,628 and N1,630 per dollar due to a surge in demand,\u201d he said on Friday.<\/p>\n<p>This means that the naira dropped by N5 against the dollar on a day-to-day basis at the parallel foreign exchange market.<\/p>\n<p>At the black market, this is the fourth consecutive depreciation since Monday, 26th 2025.<\/p>\n<p>Meanwhile, the naira remained flat at the official foreign exchange market on Friday at N1,586.15, the same rate recorded the previous day.<\/p>\n<p>In the week under review, the naira recorded more depreciation than appreciation across foreign exchange markets. This showed that the naira weakened by N13 and N5.17 against the dollar at parallel and official foreign exchange markets, respectively, on a week-on-week basis.<\/p>\n<p>The African Development Bank, in its 2025 economic outlook, forecast that the naira and other currencies on the continent would slip by 6 percent in 2025.<\/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. Nigeria\u2019s currency, the naira, recorded depreciation against the dollar at the parallel foreign exchange market to end the week on a negative note. Bureau de Change operator in Wuse Zone 4, Abuja, Abubakar Alhasan, confirmed that the naira dropped to N1,628 per dollar on Friday from N1,623 traded on Thursday. \u201cWe buy [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":165276,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1621,1623,254],"class_list":["post-165277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-dollar","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 depreciates against dollar at black market - Nigeria<\/title>\n<meta name=\"description\" content=\"Nigeria\u2019s currency, the naira, recorded depreciation against the dollar at the parallel foreign exchange market to end t ...\" \/>\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-depreciates-against-dollar-at-black-market\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira depreciates against dollar at black market\" \/>\n<meta property=\"og:description\" content=\"Nigeria\u2019s currency, the naira, recorded depreciation against the dollar at the parallel foreign exchange market to end t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-at-black-market\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-02T09:39:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-02T10:46:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/06\/sm_1748848661.21559.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=\"2 minutes\" \/>\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-depreciates-against-dollar-at-black-market#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-at-black-market\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira depreciates against dollar at black market\",\"datePublished\":\"2025-06-02T09:39:06+00:00\",\"dateModified\":\"2025-06-02T10:46:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-at-black-market\"},\"wordCount\":213,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-at-black-market#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/06\/sm_1748848661.21559.jpg\",\"keywords\":[\"Dollar\",\"naira\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-at-black-market#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-at-black-market\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-at-black-market\",\"name\":\"Naira depreciates against dollar at black market - 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