Naira Weakens Further to ₦1,537/$ at Official Market Amid FX Liquidity Strain
ABUJA, July 24, 2025 The Nigerian naira continued its downward slide on Wednesday, depreciating to ₦1,537 per US dollar at the official Nigerian Autonomous Foreign Exchange Market (NAFEM), as foreign exchange pressures persist despite recent monetary tightening by the Central Bank of Nigeria (CBN). According to data from the FMDQ Exchange, the local currency lost