Naira slumps against dollar at official window, gains at black market

Naira slumps against dollar at official window, gains at black market


RIPPLES NIGERIA

The Nigerian currency, the naira, slumped marginally against the dollar at the official window on Tuesday, January 14, 2025.

FMDQ data showed that the naira slumped to N1,549.65/$1 on Tuesday, January 14, 2025, from N1,548.89/$1 recorded on Monday, January 13, 2025.

This represents a loss of N0.76 against the dollar.

In the black market, the naira gained N7 against the dollar to trade at N1,660/$1 as against the previous rate of N1,667/$1.

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Naira slumps against dollar at official window, gains at black market

 

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