Business

Latest update on Naira to dollar rates

News Update

Nigeria currency recorded a second depreciation against the United States dollar at the official foreign exchange market.

The Central Bank of Nigeria’s data showed that the Naira weakened on Wednesday to N1,438.49 per dollar, down from N1,433.66 on Tuesday.

This means that the country’s currency dropped by N4.83 on a day-to-day basis.

Meanwhile at the black market, the Naira remained at N1450 per dollar on Wednesday, the same rate as on Tuesday.

MESSAGE us @ https://Wa.me/+2348072633727 for business relationship, Advert, PR, Publicity, Awareness, Interviews, Feature Stories, Press Release/Statement and so on…

Recall that on Monday, the Naira depreciated massively at the official market, making it the second time the Naira has lost steam this week.

This comes despite the continued rise in the country’s external reserves, which stood at $43.28 billion as of Tuesday, 4th November, 2025, up from $43.26 recorded the previous day, according to the apex bank data.

VAM News

Recent Posts

Chelsea sack caoch, name interim

Chelsea Football Club have sacked head coach, Liam Rosenior, after just 107 days in charge,…

11 hours ago

Ondo APC Primaries Decides: Consensus is key – Aiyedatiwa

News Update Ondo State Governor, Dr Lucky Orimisan Aiyedatiwa, on Wednesday intensified calls for unity…

11 hours ago

N2.036 trillion revenue shared in Nigeria

THE federal government, state governments and local government councils shared a total of N2.036 trillion…

13 hours ago

Nigeria reports fresh COVID case

Nigeria has recorded a fresh case of COVID-19. The newest case was confirmed in Cross…

15 hours ago

Tinubu approves six appointments in key sector

News Update President Bola Tinubu on Wednesday, approved six new appointments in the education sector.…

18 hours ago

Wale Edun breaks silence after President Tinubu removed him as minister

News Update THE outgoing Minister of Finance and Coordinating Minister of the Economy, Wale Edun,…

21 hours ago