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The Naira experienced its fourth consecutive depreciation against the United States Dollar in the official foreign exchange market on Thursday.
According to data from the Central Bank of Nigeria, the Naira further fell to
N1,456.07 per dollar on Thursday, a decline from N1,455.38 traded on Wednesday.
This indicates a decrease of 0.6 per dollar on a daily basis and N4.21 over the last four days.
In contrast, the black market rate for the Naira remained unchanged at N1,490 per dollar on Thursday, the same as the previous day.
The ongoing depreciation of the Naira against the dollar in the official foreign exchange market occurs despite a continuous increase in the country's foreign reserves, which amounted to $45.41 billion as of November 10, 2025.
Frequently Asked Questions
What is the current exchange rate of the Naira against the Dollar?
As of Thursday, the Naira is trading at N1,456.07 per dollar in the official foreign exchange market.
How much has the Naira depreciated in the last four days?
The Naira has depreciated by N4.21 against the dollar over the past four days.
What is the status of Nigeria's foreign reserves?
As of November 10, 2025, Nigeria's foreign reserves stood at $45.41 billion.
Eze Chidiebere Paul
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