Naira reverts to depreciation against US dollar amid CBN policies rollout

The naira reverted to depreciation against the United States dollar astatine the authoritative and parallel overseas speech markets amid the Central Bank of Nigeria’s sweeping argumentation rollout.

CBN’s overseas speech information showed that the naira dipped to N1,386.71 per dollar connected Wednesday, down from N1,382.63 connected Tuesday.

This means that the naira weakened connected a day-to-day ground by N4.08.

Similarly astatine the achromatic market, the naira fell by N10 to N1,420 per dollar connected Wednesday, from N1,410.

This comes arsenic the country’s outer reserves dropped to $49.57 cardinal arsenic of March 24th, 2026, from $49.61 cardinal recorded the erstwhile day.

The latest naira depreciation is coming astatine a clip the apex rolled retired respective policies impacting the overseas speech market.

Recall that CBN successful a circular connected Wednesday allowed planetary lipid companies to repatriate 100 percent of export net and mandated planetary wealth transportation operators (IMTOs) to way transactions done designated naira colony accounts successful banks.

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