August 3, 2025
[email protected]

Depreciation

Kiin360 Depreciation
Finance General

Naira Weakens Slightly in Parallel Market as Dollar Sells Above ₦1,595

Lagos, June 23, 2025 – The Nigerian naira experienced mild depreciation in the parallel (black) market on Monday, trading between ₦1,585 and ₦1,605 per U.S. dollar, as demand for the greenback continues to outpace supply despite recent interventions by the Central Bank of Nigeria (CBN). Currency dealers across key markets in Lagos, Abuja, and Port

Read More
Editorial

Naira’s Resilience: Moderated Depreciation Signals Shift from 2024’s Turbulence

The Nigerian naira is demonstrating a notable shift in its exchange rate trajectory, moving away from the dramatic declines that characterized 2024. While still facing pressures from a dominant U.S. dollar, the naira’s year-on-year depreciation has significantly moderated, offering a cautious glimmer of improved stability in comparison to many of its emerging market peers. This

Read More