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ARTICLE AD BOX
The naira ended the 2nd week successful a important depreciation against the dollar successful authoritative and parallel overseas speech markets.
On Friday, the Central Bank of Nigeria’s information showed that the Naira further slipped to N1,393.26 per dollar, down from N1,387.45.
This means that connected a day-to-day and week-on-week basis, the Naira dropped by N5.81 and N29.87, respectively, against the dollar. Meanwhile, successful the past 2 weeks, the naira has slumped by N46.94 to the dollar astatine the authoritative market.
Similarly, astatine the achromatic market, the Naira dipped by N45 to N1,415 connected Friday, down from astir N1,370 per dollar connected February 23, 2026, according to aggregate Bureau de Change operators successful Wuse Zone 4, Abuja.
DAILY POST reports that the section currency diminution crossed overseas markets comes aft the apex slope mopped up dollars from the marketplace by mode of intervention, a determination that was confirmed by President Bola Ahmed Tinubu successful a caller remark.
Naira records 2nd consecutive week of monolithic depreciation against US dollar
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