Data from the Central Bank of Nigeria, CBN, confirmed that the naira weakened to N1,334.72 per greenback on Wednesday, down from N1,333.65 recorded on Tuesday.
This implies that the naira misplaced N1.07 against the greenback on a day-to-day foundation on the official overseas exchange market.
Meanwhile, on the parallel market, the naira remained unchanged at N1,375 per greenback on Wednesday, the identical rate recorded the day past.
The growth comes because the nation’s overseas reserves rose additional to $55.13 billion, in keeping with CBN information as of October 20, 2026.
