The Nigerian Naira, on Thursday, continued depreciation against the United States Dollar at the official foreign exchange market.
The Central Bank of Nigeria’s data showed that the Naira weakened further on Thursday to N1,422.07 per dollar, down from N1,420.69 exchanged on Wednesday.
This means that it dropped by N1.34 per dollar against the dollar on a day-to-day basis.
DAILY POST reports that the Nigerian naira fell against the dollar on Monday, Wednesday, and then Thursday of this week.
Meanwhile, at the black market, the naira remained stable at N1490 per dollar on Thursday, the same rate traded the previous day.
The development comes at a time the country’s foreign reserves have continued to rise, jumping to $45.99 billion as of 21st January 2026 from $45.95 billion on the 19th, according to the apex bank.
Eze Chidiebere Paul
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