Central Bank of Nigeria, CBN, information for Thursday and Friday confirmed that the naira depreciated to N1,361.84 per dollar on Friday from N1,334.72 traded on Wednesday.
This implies that the naira shed N27.12 against the dollar over the two-day interval, representing a depreciation of two.03 per cent.
Meanwhile, on a week-on-week foundation, the naira depreciated by N27.12 against the dollar in the just-concluded week on the official international trade market.
Similarly, on the parallel market, the naira weakened by N5 to N1,375 per dollar, in line with a number of Bureau de Change operators who confirmed the speed to DAILY POST.
The naira’s decline throughout international trade markets got here despite the nation’s external reserves standing at $55.16 billion, in line with CBN information as of twenty-two October 2026.
