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BREAKING: Naira records first depreciation against dollar

The Naira recorded depreciation against the dollar at the official foreign exchange market on Thursday, for the first time since August 20, 2025.

The Central Bank of Nigeria’s data showed that the Naira dropped to N1,502.13 against the dollar on Thursday, down from N1,500.92 traded on Wednesday.

This means that Nigeria’s currency weakened by N1.21 against the dollar on a day-to-day basis.

Meanwhile, at the black market, the Naira remained stable at N1,530 per dollar on Thursday, the same rate as on Wednesday.

The last time the Naira dropped at the official foreign exchange was on August 20, 2025, when it stood at N1,536.73 per dollar at the back of rising external reserves, which stood at $41.62 billion as of September 10, 2025.

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Akanji Philip

Akanji Philip has been working as a reporter with VOICE AIR MEDIA, both onsite at the head office in Odi-Olowo, Osogbo, and remotely. He has covered events at notable political venues, involving prominent figures such as former Osun Governor Adegboyega Oyetola, current Osun State Governor Senator Isiaka Adetunji Adeleke, former Vice President Professor Yemi Osinbajo, the late Ondo Governor Rotimi Akeredolu, Oyo State Governor Seyi Makinde, and various other representatives and lawmakers. In addition, he has represented the company at various press conferences at police stations and has reported on occasions featuring entertainers and actors, such as Kola Oyewo during Oba-Ile Day in Osun State, among others. -Phone Number: +2349058501092, +2348137827714 -Email: akanjiphilips100@gmail.com