Naira continues free-fall against dollar at official window, slumps to N1,536/$1

The Nigerian currency, the naira continued its decline against the dollar at the official foreign exchange market on Tuesday, March 11, 2025.

This is according to the Central Bank of Nigeria’s exchange rate data which showed that the naira depreciated further to N1,536.15/$1 on Tuesday, down from the N1,530.15/$1 recorded on Monday, March 10, 2025.

This means the naira lost N6 against the dollar on a day-to-day basis.

At the black market, the naira traded at N1,580/$1 losing N5 when compared to the N1,575/$1 the previous day.

READ ALSO: Naira slumps further at both official, parallel windows

Similarly, the naira lost N10 against the British Pound to trade at N2,010/£1 as against the previous day’s rate of N2,000\£1.

The Canadian Dollar still held steady at N1,200/CA$1.

The naira slumped against the Euro to trade at ₦1,665/€1 as against the previous day’s rate of ₦1,650/€1 representing a loss of N15 for the local currency.

By: Babajide Okeowo

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