Table of Contents
- Naira's Depreciation Against the Dollar
- Central Bank's Exchange Rate Data
- Black Market Rates
- Foreign Reserves Update
The Naira experienced its largest depreciation against the United States dollar on Wednesday at the official foreign exchange market this week.
The Central Bank of Nigeria’s exchange rate data indicated that the Naira fell to N1,454.19 per dollar on Wednesday, down from N1,447.43 traded on Tuesday.
This signifies that the Naira weakened by N6.76 on Wednesday, marking the most significant day-to-day depreciation this week.
In the black market, however, the Naira remained stable at N1,465 per dollar, maintaining the same rate since Monday.
According to DAILY POST, the decline of the Naira against the dollar at the official market on Wednesday, which is the second occurrence this week, coincides with the country's foreign reserves increasing to $44.05 billion as of November 18th, 2025.
It is worth noting that on Tuesday, the rates at the official foreign exchange market were reported.
Frequently Asked Questions
What was the Naira's exchange rate against the dollar on Wednesday?
On Wednesday, the Naira was valued at N1,454.19 per dollar.
How much did the Naira depreciate on Wednesday?
The Naira depreciated by N6.76 against the dollar on Wednesday.
What is the current rate of the Naira in the black market?
In the black market, the Naira is stable at N1,465 per dollar.
What are Nigeria's foreign reserves as of November 18th, 2025?
As of November 18th, 2025, Nigeria's foreign reserves are reported to be $44.05 billion.
