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The naira continued to depreciate against the dollar astatine the authoritative overseas speech marketplace connected Friday, ending the week connected a antagonistic note.
Data from the Central Bank of Nigeria showed that the naira weakened further connected Friday to N1,362.21 per dollar, down from N1,358.75 traded connected Thursday.
This means that, connected a day-to-day basis, the naira depreciated by N3.46.
DAILY POST reports that Friday’s downturn marked the 2nd consecutive depreciation astatine the authoritative overseas speech marketplace during the week nether review.
Meanwhile, astatine the achromatic market, the naira remained unchanged astatine N1,395 per dollar connected Friday, the aforesaid complaint recorded connected Thursday.
DAILY POST reports that portion the naira recorded mixed sentiments astatine the authoritative overseas speech market, it remained level astatine the parallel marketplace passim the week.
The improvement comes arsenic the country’s overseas reserves roseate to $50.04 cardinal arsenic of June 4, 2026.
Dollar to Naira speech rate today, June 5, 2026: Nigerian currency extends depreciation
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