Data from the Central Bank of Nigeria, CBN, confirmed that the naira weakened to ₦1,333.72 per greenback on Monday, from ₦1,332.26 recorded on Friday, October 16, 2026.
This signifies that the naira depreciated by ₦1.46 against the greenback on the official international exchange market on Monday.
Similarly, on the parallel market, the naira weakened to ₦1,375 per greenback on Monday, up from ₦1,370 recorded final week.
Ibrahim Sabo is an SEO expert and blogger from Yola, Adamawa State, Nigeria. He writes for NewsTime, where he covers news and trending stories with a focus on clear, accurate reporting that readers can trust. With hands-on experience in search engine optimization, Ibrahim understands how to make quality content easy to find. He combines keyword research, on-page optimization and audience-focused writing to help stories reach the people who need them. When he isn't writing or optimizing content, Ibrahim enjoys keeping up with the latest trends in digital publishing and sharing practical SEO knowledge with fellow bloggers.
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