Nigeria’s 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.
“We buy at N1,624 per dollar and sell between N1,628 and N1,630 per dollar due to a surge in demand,”
This means that the naira dropped by N5 against the dollar on a day-to-day basis at the parallel foreign exchange market.
At the black market, this is the fourth consecutive depreciation since Monday, 26th 2025.
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