Naira records nine consecutive depreciations against US dollar, sheds N37.85

The Naira has recorded 9 consecutive days of depreciation against the United States dollar astatine the authoritative overseas speech marketplace connected Wednesday. .

Central Bank of Nigeria speech complaint information showed that the Naira further weakened connected Wednesday to N1,387.09, down from N1,384.29 connected Tuesday.

This means that the Naira dipped by N2.8 connected a day-to-day basis. Meanwhile, the Naira dropped importantly by N37.85 since February 23, 2026, erstwhile the currency started its depreciation streak astatine the authoritative overseas speech market.

At the achromatic market, the Naira remained unchangeable astatine N1,390 per dollar, according to aggregate Bureau de Change operators successful Abuja, up from N1,370 recorded 9 days ago.

Meanwhile, the country’s outer reserves roseate further to $49.88 cardinal arsenic of March 3, 2026.

Naira records 9 consecutive depreciations against US dollar, sheds N37.85