{"id":1764,"date":"2025-03-24T12:15:56","date_gmt":"2025-03-24T11:15:56","guid":{"rendered":"https:\/\/fortistv.com\/ltv\/?p=1764"},"modified":"2025-03-24T12:15:59","modified_gmt":"2025-03-24T11:15:59","slug":"naira-continues-downward-trend-falls-to-1536-at-official-market","status":"publish","type":"post","link":"https:\/\/fortistv.com\/ltv\/2025\/03\/24\/naira-continues-downward-trend-falls-to-1536-at-official-market\/","title":{"rendered":"Naira Continues Downward Trend, Falls to 1536\/$ at Official Market"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Nigerian naira continued its struggle in the official foreign exchange market, depreciating by 1.25% week-on-week to close at <strong>\u20a61536.89\/$<\/strong> on Friday.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Data from the Central Bank of Nigeria (CBN) showed that the currency started the week at <strong>\u20a61528.03\/$<\/strong>, dropping from <strong>\u20a61517.93\/$<\/strong> in the previous session. The naira further weakened to <strong>\u20a61532.93\/$<\/strong> midweek before showing slight recovery on Wednesday and Thursday. However, by the end of the trading week, it slid back to <strong>\u20a61536.89\/$<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The decline comes amid stalled negotiations between the <strong>Nigerian National Petroleum Corporation Limited (NNPCL)<\/strong> and local refineries over the <strong>naira-for-crude agreement<\/strong>. Talks are expected to resume this week, with discussions focused on extending the agreement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, <strong>Dangote Petroleum Refinery<\/strong> has temporarily suspended the sale of petroleum products in naira, citing currency mismatches. Industry analysts warn that this move could further strain the <strong>foreign exchange market<\/strong>, as dealers would need to source more US dollars to secure fuel imports.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite continued CBN interventions aimed at increasing FX supply to banks and Bureau de Change operators, experts caution that short-term measures alone may not resolve Nigeria\u2019s ongoing forex challenges without deeper <strong>structural economic reforms<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian naira continued its struggle in the official foreign exchange market, depreciating by 1.25% week-on-week to close at \u20a61536.89\/$ on Friday. Data from the Central Bank of Nigeria (CBN) showed that the currency started the week at \u20a61528.03\/$, dropping from \u20a61517.93\/$ in the previous session. The naira further weakened to \u20a61532.93\/$ midweek before showing&#8230;<\/p>\n","protected":false},"author":2,"featured_media":1765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[528,38],"tags":[565,481],"class_list":["post-1764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-economy","category-news","tag-forex","tag-naira"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.2 - aioseo.com -->\n\t<meta name=\"description\" content=\"The Nigerian naira continued its struggle in the official foreign exchange market, depreciating by 1.25% week-on-week to close at \u20a61536.89\/$ on Friday. Data from the Central Bank of Nigeria (CBN) showed that the currency started the week at \u20a61528.03\/$, dropping from \u20a61517.93\/$ in the previous session. The naira further weakened to \u20a61532.93\/$ midweek before showing\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Vanessa Gbolahan\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/fortistv.com\/ltv\/2025\/03\/24\/naira-continues-downward-trend-falls-to-1536-at-official-market\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.2\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"FortisTV - &quot;Celebrating Culture, Conserving Nature, Inspiring Travel&quot;\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Naira Continues Downward Trend, Falls to 1536\/$ at Official Market - FortisTV\" \/>\n\t\t<meta property=\"og:description\" content=\"The Nigerian naira continued its struggle in the official foreign exchange market, depreciating by 1.25% week-on-week to close at \u20a61536.89\/$ on Friday. Data from the Central Bank of Nigeria (CBN) showed that the currency started the week at \u20a61528.03\/$, dropping from \u20a61517.93\/$ in the previous session. The naira further weakened to \u20a61532.93\/$ midweek before showing\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/fortistv.com\/ltv\/2025\/03\/24\/naira-continues-downward-trend-falls-to-1536-at-official-market\/\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/fortistv.com\/ltv\/wp-content\/uploads\/2024\/09\/fortisTV_Logo_91.png\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/fortistv.com\/ltv\/wp-content\/uploads\/2024\/09\/fortisTV_Logo_91.png\" \/>\n\t\t<meta property=\"og:image:width\" content=\"254\" \/>\n\t\t<meta property=\"og:image:height\" content=\"91\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2025-03-24T11:15:56+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2025-03-24T11:15:59+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Naira Continues Downward Trend, Falls to 1536\/$ at Official Market - FortisTV\" \/>\n\t\t<meta name=\"twitter:description\" content=\"The Nigerian naira continued its struggle in the official foreign exchange market, depreciating by 1.25% week-on-week to close at \u20a61536.89\/$ on Friday. Data from the Central Bank of Nigeria (CBN) showed that the currency started the week at \u20a61528.03\/$, dropping from \u20a61517.93\/$ in the previous session. The naira further weakened to \u20a61532.93\/$ midweek before showing\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/fortistv.com\/ltv\/wp-content\/uploads\/2024\/09\/fortisTV_Logo_91.png\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/fortistv.com\\\/ltv\\\/2025\\\/03\\\/24\\\/naira-continues-downward-trend-falls-to-1536-at-official-market\\\/#blogposting\",\"name\":\"Naira Continues Downward Trend, Falls to 1536\\\/$ at Official Market - FortisTV\",\"headline\":\"Naira Continues Downward Trend, Falls to 1536\\\/$ at Official Market\",\"author\":{\"@id\":\"https:\\\/\\\/fortistv.com\\\/ltv\\\/author\\\/vanessa\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/fortistv.com\\\/ltv\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/fortistv.com\\\/ltv\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/download-2.webp\",\"width\":300,\"height\":168},\"datePublished\":\"2025-03-24T12:15:56+01:00\",\"dateModified\":\"2025-03-24T12:15:59+01:00\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/fortistv.com\\\/ltv\\\/2025\\\/03\\\/24\\\/naira-continues-downward-trend-falls-to-1536-at-official-market\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/fortistv.com\\\/ltv\\\/2025\\\/03\\\/24\\\/naira-continues-downward-trend-falls-to-1536-at-official-market\\\/#webpage\"},\"articleSection\":\"Business &amp; 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The naira further weakened to \u20a61532.93\/$ midweek before showing","og:url":"https:\/\/fortistv.com\/ltv\/2025\/03\/24\/naira-continues-downward-trend-falls-to-1536-at-official-market\/","og:image":"https:\/\/fortistv.com\/ltv\/wp-content\/uploads\/2024\/09\/fortisTV_Logo_91.png","og:image:secure_url":"https:\/\/fortistv.com\/ltv\/wp-content\/uploads\/2024\/09\/fortisTV_Logo_91.png","og:image:width":254,"og:image:height":91,"article:published_time":"2025-03-24T11:15:56+00:00","article:modified_time":"2025-03-24T11:15:59+00:00","twitter:card":"summary_large_image","twitter:title":"Naira Continues Downward Trend, Falls to 1536\/$ at Official Market - FortisTV","twitter:description":"The Nigerian naira continued its struggle in the official foreign exchange market, depreciating by 1.25% week-on-week to close at \u20a61536.89\/$ on Friday. Data from the Central Bank of Nigeria (CBN) showed that the currency started the week at \u20a61528.03\/$, dropping from \u20a61517.93\/$ in the previous session. The naira further weakened to \u20a61532.93\/$ midweek before showing","twitter:image":"https:\/\/fortistv.com\/ltv\/wp-content\/uploads\/2024\/09\/fortisTV_Logo_91.png"},"aioseo_meta_data":{"post_id":"1764","title":null,"description":null,"keywords":null,"keyphrases":{"focus":{"keyphrase":"","score":0,"analysis":{"keyphraseInTitle":{"score":0,"maxScore":9,"error":1}}},"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"BlogPosting","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":null,"created":"2025-03-24 11:15:59","updated":"2025-06-16 18:21:40","seo_analyzer_scan_date":null,"focus_keyword":null,"additional_keywords":null,"truseo_locale":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/fortistv.com\/ltv\/\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/fortistv.com\/ltv\/category\/news\/\" title=\"News\">News<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/fortistv.com\/ltv\/category\/news\/business-economy\/\" title=\"Business &amp; Economy\">Business &amp; Economy<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\tNaira Continues Downward Trend, Falls to 1536\/$ at Official Market\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/fortistv.com\/ltv\/"},{"label":"News","link":"https:\/\/fortistv.com\/ltv\/category\/news\/"},{"label":"Business &amp; Economy","link":"https:\/\/fortistv.com\/ltv\/category\/news\/business-economy\/"},{"label":"Naira Continues Downward Trend, Falls to 1536\/$ at Official Market","link":"https:\/\/fortistv.com\/ltv\/2025\/03\/24\/naira-continues-downward-trend-falls-to-1536-at-official-market\/"}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/fortistv.com\/ltv\/wp-json\/wp\/v2\/posts\/1764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fortistv.com\/ltv\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fortistv.com\/ltv\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fortistv.com\/ltv\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fortistv.com\/ltv\/wp-json\/wp\/v2\/comments?post=1764"}],"version-history":[{"count":1,"href":"https:\/\/fortistv.com\/ltv\/wp-json\/wp\/v2\/posts\/1764\/revisions"}],"predecessor-version":[{"id":1766,"href":"https:\/\/fortistv.com\/ltv\/wp-json\/wp\/v2\/posts\/1764\/revisions\/1766"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fortistv.com\/ltv\/wp-json\/wp\/v2\/media\/1765"}],"wp:attachment":[{"href":"https:\/\/fortistv.com\/ltv\/wp-json\/wp\/v2\/media?parent=1764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fortistv.com\/ltv\/wp-json\/wp\/v2\/categories?post=1764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fortistv.com\/ltv\/wp-json\/wp\/v2\/tags?post=1764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}