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Naira Slumps as Trump's War Threat Rattles Nigeria's Forex Market
The Business NG
|The BusinessNG
Nigeria's foreign exchange market began the week on a volatile note as the naira weakened sharply following remarks by U.S. President Donald Trump threatening possible military action against Nigeria over alleged religious persecution.
According to data from the Central Bank of Nigeria (CBN), the naira fell to N1,436.34/$ on Monday from a 2025 high of N1,421.73/$, representing a 1.03 per cent decline or N15 loss in a single trading day. In the parallel market, the local currency also depreciated to N1,455/$, reflecting hei
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