Nigeria’s official exchange rate crashes to N1,600/$1 as Trump tariffs rattle global markets

 

Nigeria’s official exchange rate crashed to N1,600/$1 at the end of trading on April 4, 2025, as Trump-era tariffs continued to rattle global markets.

Data from the Central Bank of Nigeria (CBN) shows the naira closed at N1,600/$1, marking a 1.9% depreciation compared to the N1,569/$1 recorded the previous day.

This is also the weakest level the naira has reached since December 4, 2024, when it closed at N1,608/$1. The exchange rate has now weakened by 3.9% in the first four days of April, after closing March at N1,537/$1.

https://nairametrics.com/2025/04/05/nigerias-official-exchange-rate-crashes-to-n1600-1-as-trump-tariffs-rattle-global-markets/