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The naira recorded its archetypal depreciation against the dollar astatine the authoritative overseas speech marketplace connected Wednesday.
Data from the Central Bank of Nigeria (CBN) showed that the section currency weakened for the archetypal clip this week, closing astatine N1,350.41 per dollar connected Wednesday, compared to N1,343.32 exchanged connected Tuesday.
This means that the naira depreciated by N7.09 against the dollar connected a day-to-day basis.
Meanwhile, astatine the achromatic market, the naira remained unchanged astatine N1,405 per dollar connected Wednesday, the aforesaid complaint recorded connected Tuesday.
This comes arsenic the country’s overseas reserves stood astatine $52.32 cardinal arsenic of August 17, 2026.
Recall that the naira recorded 2 consecutive days of appreciation against the dollar connected Monday and Tuesday astatine the authoritative overseas speech market.
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