Naira Ends 2024 on a Negative Note Against US Dollar in Forex Markets [Video]

• The value of the Nigerian currency ended 2024 on a negative note despite another poor performance in the foreign exchange markets
• The latest data show that the naira was weaker on the last trading day of 2024, dropping by 0.32%
• There are high expectations that the naira will perform better in the foreign exchange markets in 2025

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The Nigerian naira ended 2024 weaker in official and parallel foreign exchange markets.

According to data from the Central Bank of Nigeria, the naira closed at N1,535 to the dollar in the official foreign exchange market on Tuesday, December 31, marking the end of the trading year.

The latest exchange rate represents 0.13% depreciation compared to the previous rate of N1,537 a dollar.

In the …