Nigeria’s foreign exchange market started the month on a shaky note as the naira fell sharply following comments from US President Donald Trump suggesting military action against Nigeria over alleged religious persecution.
The Nigerian naira, which had traded at a 2025 high of N1,421.73/$, dropped to N1,436.34/$ on Monday, according to data from the Central Bank of Nigeria.
This marks a 1.03 per cent decline or N15 loss in a single day.