Nigeria’s official exchange rate crashes to N1,600/$1 as Trump tariffs rattle global markets
Abuja, Nigeria, April 5, 2025 – Nigeria’s naira has plunged to an official exchange rate of N1,600 per U.S. dollar as of Saturday morning, a steep drop from N1,545 earlier this week, according to Central Bank of Nigeria (CBN) data reported by Nairametrics. The crash comes as President Donald Trump’s sweeping tariffs—announced April 2 with … Read more