The Naira extended its depreciation against the US dollar at the official foreign exchange market on Thursday.
Central Bank of Nigeria, CBN data showed that the Naira further weakened to N1,328.67 against the dollar on Thursday, from N1,328.50 on Wednesday.
This means that, on a day-to-day basis, the Naira depreciated slightly by N0.17 against the dollar.
Meanwhile, at the black market, the Naira remained flat at N1,385 per dollar on Thursday, the same rate traded the previous day.
The mixed sentiments across the official and parallel foreign exchange markets came despite the continued surge in the country’s foreign reserves to $54.83 billion, according to the apex bank’s data as of September 23, 2026.
Recall that the Naira also recorded mixed sentiments across the foreign exchange markets on Wednesday.
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