Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    XRP Climbs after SBI Holdings Valued Stake in Ripple at $41.2bn

    August 1, 2026

    BNB Price Dips after Binance Launches Gold, Silver Option Trading

    August 1, 2026

    Bitcoin Price Falls as Strategy Plans $5bn BTC Sell to Fund Dividend

    August 1, 2026
    Facebook X (Twitter) Instagram
    Trending
    • XRP Climbs after SBI Holdings Valued Stake in Ripple at $41.2bn
    • BNB Price Dips after Binance Launches Gold, Silver Option Trading
    • Bitcoin Price Falls as Strategy Plans $5bn BTC Sell to Fund Dividend
    • NGX All-Share Index Declines as Investors Book Profit
    • XRP Slips as New York Files Lawsuit Against Prediction Platform
    • Transcorp Hotels Shareholders Barely React to H1-2026 Earnings
    • AVA Capital’s NGX Debut Opens New Investment Window, Market Eyes Thin Free Float
    • May & Baker Margin Expansion, Balance Sheet Strength Drive H1 Earnings Despite Flat Revenue
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Saturday, August 1
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » FX Market » Naira Depreciates by 0.34% against US Dollar in FX Market

    Naira Depreciates by 0.34% against US Dollar in FX Market

    Julius AlagbeBy Julius AlagbeMay 3, 2025Updated:May 3, 2025 FX Market No Comments1 Min Read
    Naira Depreciates by 0.34% against US Dollar in FX Market
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Naira Depreciates by 0.34% against US Dollar in FX Market

     The Naira depreciated on Friday at the official market, trading at N1,602.18 to the dollar. Spot FX data from the Central Bank of Nigeria (CBN) website showed that the Naira lost N5.49.

    This represents a 0.34 percent loss when compared to the N1,596.69 per dollar recorded on Wednesday, April 30, before the Workers’ Day holiday on Thursday, May 1.

    The Naira had remained relatively static for three trading days, from Monday, April 28, to Wednesday, April 30, when it traded at N1,599.95, N1,599.71, and N1,596.69, respectively.

    The local currency, which closed the current week on a negative note, had also opened the trading week with a minimal loss of 0.02 per cent. #Naira Depreciates by 0.34% against US Dollar in FX Market Pension Fund Assets Grows to N23.366 Trillion

    Naira Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Julius Alagbe
    • Website
    • LinkedIn

    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

    Keep Reading

    XRP Climbs after SBI Holdings Valued Stake in Ripple at $41.2bn

    BNB Price Dips after Binance Launches Gold, Silver Option Trading

    Bitcoin Price Falls as Strategy Plans $5bn BTC Sell to Fund Dividend

    NGX All-Share Index Declines as Investors Book Profit

    XRP Slips as New York Files Lawsuit Against Prediction Platform

    Transcorp Hotels Shareholders Barely React to H1-2026 Earnings

    Add A Comment

    Comments are closed.

    Editors Picks

    XRP Climbs after SBI Holdings Valued Stake in Ripple at $41.2bn

    August 1, 2026

    BNB Price Dips after Binance Launches Gold, Silver Option Trading

    August 1, 2026

    Bitcoin Price Falls as Strategy Plans $5bn BTC Sell to Fund Dividend

    August 1, 2026

    NGX All-Share Index Declines as Investors Book Profit

    July 31, 2026

    XRP Slips as New York Files Lawsuit Against Prediction Platform

    July 31, 2026
    Latest Posts

    XRP Climbs after SBI Holdings Valued Stake in Ripple at $41.2bn

    August 1, 2026

    BNB Price Dips after Binance Launches Gold, Silver Option Trading

    August 1, 2026

    Bitcoin Price Falls as Strategy Plans $5bn BTC Sell to Fund Dividend

    August 1, 2026

    NGX All-Share Index Declines as Investors Book Profit

    July 31, 2026

    XRP Slips as New York Files Lawsuit Against Prediction Platform

    July 31, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.