Naira’s value against dollar depreciates by 0.43%
The naira depreciated in the official market on Monday, trading N1,498.98 to a dollar.
Data from the Central Bank of Nigeria showed the naira lost N6.49.
This represents a 0.43 per cent decline compared to Friday, when it closed at N1,492.49 to a dollar.
The loss followed a three-day appreciation recorded the previous week.
Despite this, the naira has remained relatively stable against the U.S. 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.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Sport
Teary Ronaldo says World Cup career over as Spain beat Portugal
“It’s been my last World Cup, yes. But now I will have time to think, stay with my family, and life continues,” said Ronaldo.
Rights
UTME: JAMB’s AI plan could exclude visually impaired candidates, CITAB warns
Mr Fenemigho, however, warned that without deliberate preparations, the initiative could remain an ambitious idea rather than a project.
Sport
FIFA, Adidas unveil 2026 World Cup final match ball
The match ball is inspired by the FIFA World Cup trophy, featuring a striking white, black, and gold design.
Heading 4
Tinubu orders probe of X, Meta over alleged exploitation of news content
Mr Ijagwu said that under the new investigation, areas of interest include allegations of market dominance and potential anti-competitive conduct.
Heading 1
Tinubu hails Nigerian Army’s role in national, regional security
Mr Tinubu said the army’s contributions have safeguarded Nigeria’s sovereignty while strengthening peace and stability across Africa and beyond.
Education
Security agencies working to rescue abducted pupils, teachers, Oyo govt tells families
The state government said in a statement on Monday that it remained fully committed to ensuring the victims’ safe return to their families.
