1 hour ago
5
The naira extended its depreciation against the US dollar astatine the authoritative overseas speech market.
Data from the Central Bank of Nigeria, CBN, showed that the section currency further dropped to N1,364.88 per dollar connected Thursday, down from N1,363.85 traded connected Wednesday.
This means that astatine the authoritative overseas speech market, the naira weakened by N1.03 against the dollar connected a day-to-day basis.
Similarly, astatine the achromatic market, the naira besides depreciated by N6 to N1,430 per dollar connected Thursday, down from N1,424 traded the erstwhile day.
The improvement comes contempt a surge successful the country’s outer reserves, which deed the $52.01 cardinal people connected August 5, 2026.
Recall that connected Wednesday, the naira recorded mixed performances crossed the authoritative and parallel market.
English (US) ·