The naira continued its decline against the dollar on Monday, January 13, 2025, at both the official and black markets.
According to data from the FMDQ, the naira weakened to N1,548.89 per dollar, down from N1,543.03 on Friday, reflecting a fall of N5.86.
Similarly, on the black market, the naira closed at N1,667 per dollar, slightly weaker than the previous rate of N1,665.
Despite this fall, throughout the day, the naira remained stable between N1,545 and N1,660 per dollar at the official and parallel foreign exchange markets, respectively.