The naira continued to depreciate against the dollar at the official foreign exchange market on Thursday.
The Central Bank of Nigeria’s data showed that the naira further weakened to N1,359.81 per dollar on Thursday, down from N1,356.11 on Wednesday.
This means that at the official market, the naira dropped by N3.69 on a day-to-day basis...READ FULL; FROM THE SOURCE.
At the black market, the naira remained at N1375 per dollar on Thursday, the same exchange rate as the previous day.
DAILY POST reports that in the past four days the Naira has sustained a downward trend against the dollar at the official market.
This comes despite the continuous surge in the country’s foreign reserves, which stood at $49.51 billion as of February 25, 2026, up from $49.39 billion a day before, according to the apex bank data.
