Intra-day trading saw the currency fluctuate between a high of N1,625 and a low of N1,519…
NAIRAMETRICS
Nigeria’s official exchange rate fell to N1,600 per US dollar on April 4, 2025, marking a 1.9% depreciation from the previous day’s rate of N1,569. This is the weakest position the naira has recorded since December 4, 2024, when it hit N1,608 to the dollar.
The decline comes as global markets react to new 14% tariffs introduced by former U.S. President Donald Trump, which have triggered uncertainty in emerging economies. Analysts say the naira’s recent volatility is being driven by reduced investor confidence and increased demand for the dollar.
Intra-day trading saw the currency fluctuate between a high of N1,625 and a low of N1,519 to the dollar, with many traders pricing the naira at weaker levels. The Central Bank is yet to issue an official statement on the current slide