Naira records highest single-day depreciation against US dollar

The Naira recorded the highest single-day depreciation against the United States dollar astatine the authoritative overseas speech marketplace to resume the week connected a antagonistic enactment connected Monday.

The Central Bank of Nigeria’s information showed that the Naira dropped to N1,378.03 per dollar arsenic currency trading resumed connected Monday, down from N1,363.39 recorded past week Friday.

This means that the Naira weakened importantly by N14.64 per dollar, the highest single-day dip by the Naira truthful acold this year.

Also, astatine the achromatic market, the Naira mislaid N5 against the dollar to adjacent astatine N1380 per dollar connected Monday, down from N1,375 connected Friday.

Downtrend astatine some overseas speech markets further indicated that the spread shrank to lone N1.97.

DAILY POST reports that since past week, the Naira has continued its downward decline aft the CBN popped the dollar from the market.

Apex slope information showed that Nigeria’s overseas reserves stood astatine $49.51 cardinal arsenic of February 25, 2026.

Naira records highest single-day depreciation against US dollar