HomeNewsNaira depreciate for official market ahead Sallah holiday

Naira depreciate for official market ahead Sallah holiday

Di Naira don depreciate against di dollar for di official foreign exchange market on Tuesday, ahead of di Eid-ul-Adha holidays.

According to DAILY POST report, di Nigerian currency drop for official market on May 26, 2026, as di holiday season approach.

Meanwhile for di black market, di Naira remain flat at N1,395 per dollar on Tuesday, di same rate wey dem record on Monday.

DAILY POST also report say di Nigerian currency appreciate across official and black markets on Monday to begin di week on a good note.

Di development come as many Nigerians dey prepare for di Sallah celebration, wey often increase demand for foreign exchange.

Di exchange rate for di official market don fluctuate for recent weeks, with di Central Bank of Nigeria dey try to stabilise di naira through various policies.

But di pressure on di currency still dey, as di country dey face dollar shortage and high demand for imports.

Di black market rate wey remain stable at N1,395 show say di parallel market dey hold steady, even as official rate dey shift.

Analysts dey watch di situation close, as di holiday period fit bring more volatility for di forex market.


Rachel Adams
Rachel Adamshttps://nnn.ng/
NNN publishes breaking news from Nigeria and around the world, to ensure that every Nigerian can read national news. NNN is committed to publishing news that is accurate, reliable, authoritative, and thoroughly researched.
RELATED ARTICLES
- Advertisment -

Most Popular