Exchange rate today, November 11, 2026: Naira records highest depreciation against USD

The Naira recorded its highest depreciation against the dollar astatine the authoritative overseas speech marketplace successful the week nether review.

Central Bank of Nigeria, CBN, information showed that the Naira weakened further to N1,358.34 against the dollar connected Wednesday, down from the N1,350.86 recorded connected Tuesday.

This means that the Naira depreciated by N7.48 against the dollar, marking its sharpest regular diminution since Friday, November 6, 2026.

Similarly, Abubakar Bengazzir, a Bureau de Change relation astatine Wuse Zone 4, Abuja, confirmed to DAILY POST that the Naira exchanged astatine N1,420 per dollar astatine the parallel market.

"The speech complaint astatine the achromatic marketplace is expected to emergence from present till January 2027 owed to accrued demand," helium told DAILY POST.

This comes arsenic the country's outer reserves sustained their decline, falling to $54.92 cardinal arsenic of November 10, from $54.93 cardinal recorded the erstwhile day.

DAILY POST reports that the Naira besides depreciated connected Monday and Tuesday this week.

https://dailypost.ng/2026/11/10/exchange-rate-today-november-10-2026-naira-extends-depreciation-against-usd-2/

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