Business

Naira to US Dollar drops N14.85 in one week

News Update

THE Naira dropped N14.85 against the United States dollar on a week-on-week basis at the official foreign exchange market.

The Central Bank of Nigeria’s data showed at the close of work on Friday, November 7, at N1,436.58 per dollar, down from 1,421.73 on October 31st, 2025.

This means that the Naira depreciated by 1.04 per cent against the Dollar on a weekly basis at the official market.

VAM reports that the Naira declined the most on Monday after United States President Donald threatened military action in Nigeria over an alleged killing of Christians.

Meanwhile, at the black market, the Naira recorded a significant gain to N1,445, up from N1,485 traded Friday, 31st 2025.

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

Media reports that the Naira in the week under review recorded mixed sentiments while the country’s foreign reserves continued to rise to $43.32 billion as of November 6th, 2025.

VAM News

Recent Posts

FG to train over six million youths in agric skills

THE Federal Government has unveiled a partnership initiative aimed at equipping over six million Nigerian…

12 hours ago

Twenty-Five Osun Assembly Lawmakers Dump PDP For Accord

News Update Twenty five members of the Osun Stateosu Hpouse of Assembly have defected from…

14 hours ago

Suspension of Night Religious Services Declared In Ondo Over Security Concerns

THE Commissioner of Police in Ondo State, Adebowale Lawal, has stressed the need for religious…

17 hours ago

2027: Governor Fintiri switches party

Governor of Adamawa State, Ahmadu Umaru Fintiri, has formally announced his defection from the Peoples…

24 hours ago

Adeboye @84: RCCG to train 8,400 youths in digital skills

News Update THE Redeemed Christian Church of God (RCCG), Continent 3, says it will empower…

1 day ago

Gov Soludo’s daughter emerges Women Leader of City Boy Movement

News Update First daughter of Anambra State Governor, Adaora Soludo has been appointed Women’s Leader…

1 day ago