Exchange rate today, November 4, 2026: Naira depreciates against USD as external reserves drop

The Naira depreciated against the US dollar astatine the authoritative overseas speech marketplace connected Wednesday arsenic the country's outer reserves continued to decline.

Data from the Central Bank of Nigeria, CBN, showed that the Naira weakened somewhat to N1,347.79 per dollar connected Wednesday, compared with N1,346.93 recorded connected Tuesday.

This means that, connected a day-to-day basis, the Naira depreciated marginally by N0.86 against the dollar astatine the authoritative overseas speech market.

Similarly, astatine the parallel market, the Naira exchanged astatine N1,400 per dollar connected Wednesday, compared with astir N1,390 recorded the erstwhile day.

This comes arsenic the country's outer reserves declined for the 2nd clip this week, falling to $55.15 cardinal connected November 3, 2026.

DAILY POST reports that the Naira appreciated astatine the authoritative overseas speech marketplace but remained unchangeable astatine the parallel marketplace connected Tuesday.

https://dailypost.ng/2026/11/03/exchange-rate-today-november-3-2026-naira-appreciates-against-usd/

Exchange complaint today, November 4, 2026: Naira depreciates against USD arsenic outer reserv...