Nigeria’s naira slid further against the dollar on Tuesday as currency trading resumed after the Easter holidays, recording losses at both the official and parallel markets.
Data from the Central Bank of Nigeria seen by First News showed that the naira dropped to ₦1,602.63 per dollar, down from ₦1,599.93 on Thursday, April 17, before the break. This reflects a day-on-day decline of ₦2.70.
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At the parallel market, the currency also depreciated, exchanging at ₦1,620 per dollar on Tuesday, April 22, compared to ₦1,610 at the weekend.
The black market rate mirrors the figure recorded last Thursday before trading paused for the holiday.
The depreciation comes amid global pressure on the dollar, influenced by concerns over the US Federal Reserve’s independence and ongoing tariff tensions.