Data from the Central Bank of Nigeria, CBN, confirmed that the naira weakened additional to N1,344.40 per greenback on Thursday, in contrast with N1,334.72 recorded on Wednesday.
This means the naira depreciated by N9.68 against the greenback on a day-to-day foundation, marking its highest depreciation this week.
Similarly, the naira weakened on the black market to N1,377 per greenback on Thursday, in contrast with N1,375 traded on Wednesday.
Meanwhile, the nation’s overseas reserves stood at $55.15 billion, in accordance with the most recent overseas exchange information from the apex financial institution.
