Tag

NAIRA DECLINE AGAINST DOLLAR

Currencies

Exchange rate slumps to N1,586/$1 in official market—first decline since MPC meeting

The naira weakened to N1,586/$1 in the official market on Thursday, marking the first depreciation since the Central Bank of Nigeria’s (CBN) 300th Monetary Policy Committee (MPC) meeting held earlier in the week.

Olalekan Adigun · May 23, 2025 3 min