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Naira Falls to N1,531/$ at Official Market as Depreciation Deepens
The Business NG
|The BusinessNG
The naira continued its downward slide on Wednesday, July 10, 2025, depreciating to 1,531 per dollar at the official foreign exchange market, according to data released by the Central Bank of Nigeria (CBN).
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This marks a 1.78 drop from Tuesday's rate of 1,529.22, representing the steepest single-day decline so far this week.
In contrast, the parallel market saw no movement, as the naira held steady at 1,550 per dollar for the second consecutive day.
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