Naira extends depreciation against US dollar

The naira continued to depreciate against the dollar astatine the authoritative overseas speech marketplace connected Thursday.

The Central Bank of Nigeria’s information showed that the naira further weakened to N1,359.81 per dollar connected Thursday, down from N1,356.11 connected Wednesday.

This means that astatine the authoritative market, the naira dropped by N3.69 connected a day-to-day basis.

At the achromatic market, the naira remained astatine N1375 per dollar connected Thursday, the aforesaid speech complaint arsenic the erstwhile day.

DAILY POST reports that successful the past 4 days the Naira has sustained a downward inclination against the dollar astatine the authoritative market.

This comes contempt the continuous surge successful the country’s overseas reserves, which stood astatine $49.51 cardinal arsenic of February 25, 2026, up from $49.39 cardinal a time before, according to the apex slope data.

Naira extends depreciation against US dollar