On the first trading day of November 2025, on Monday, the naira slid from its 2025 peak of 1421.73/$ to 1,436.34/$, a sharp 1.03 per cent decline or N14.61 shed in one day, according to data from the Central Bank of Nigeria.
At the parallel market, the naira faced the same fate as it weakened at the parallel market to 1,455.00/$.
This decline followed a weekend of Nigeria being threatened by the US President, Donald Trump, with military action following claims of Christian genocide.