Naira Closes Week Weaker Across Official, Parallel Markets

The naira ended the week on a downward trajectory, trading above the N1,600 mark against the dollar in both the official and parallel foreign exchange markets.

According to data from the Central Bank of Nigeria, the official exchange rate stood at N1,603.78 per dollar on Friday, April 11, 2025, marking a depreciation from Thursday’s rate of N1,591.84. This represents a day-on-day loss of N11.94.

In the parallel market, the naira remained under pressure, closing at N1,620 per dollar—the same level it recorded on Thursday. This was confirmed by Bureau De Change operators in Wuse Zone 4, Abuja, who spoke to *DAILY POST*.

A week-on-week comparison also showed weakness in the local currency. At the official market, the naira fell by N36.76, from N1,567.02 on April 4 to N1,603.78 on April 11. The decline was even steeper in the black market, where the naira dropped by N60 from N1,560 last week to N1,620 per dollar at the close of this week.