Nigerian naira extends depreciation against US dollar across black, official markets

The Nigerian Naira extended its important depreciation streak against the United States Dollar crossed parallel and authoritative overseas speech markets.

At the achromatic market, Abubakar Hassan, a Bureau De Change Operator successful Wuse Zone 4, told DAILY POST that the Naira weakened to N1405 per dollar connected Thursday, up from N1390 the erstwhile day.

This means that connected a day-to-day basis, the Naira slipped by N15 astatine the achromatic market.

Similarly, astatine the authoritative overseas exchange, the Naira further dropped to N1,387.45 per dollar connected Thursday, down from N1,387.09 traded the erstwhile day. DAILY POST reports that the section currency has faced its tenth consecutive depreciation against the dollar astatine the authoritative market.

The downward inclination of the naira crossed overseas markets comes contempt the $49.88 cardinal connected March 3, 2026, up from $49.60 cardinal past month.

Recall that it dipped by N37.85 against the dollar astatine the authoritative overseas speech aft the ninth time of depreciation.

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