Naira continues to depreciate against US dollar despite CBN intervention

The Naira continued depreciation against the United States Dollar astatine the authoritative overseas speech marketplace connected Tuesday.

Central Bank of Nigeria information showed that the Naira further dropped to N1,355.37 per dollar connected Tuesday, down from N1,349.24 connected Monday.

This means that connected a day-to-day basis, the Naira depreciated by N6.13 against the dollar.

Meanwhile astatine the achromatic market, the Naira remained astatine N1,370 per dollar connected Tuesday, the aforesaid complaint recorded connected Monday.

This comes arsenic President Bola Ahmed Tinubu astatine an lawsuit successful the statesmanlike villa connected Tuesday confirmed that the Central Bank of Nigeria mopped up dollars for the overseas speech marketplace to stabilize the naira.

The apex slope governor, Olayemi Cardoso, said the country’s outer reserves deed a 13-year precocious with a gross of $50.45 cardinal arsenic of February 16th, 2026.

DAILY POST reports that the naira depreciated against the dollar crossed overseas speech markets connected Monday.

Naira continues to depreciate against US dollar contempt CBN intervention