The naira dropped for the first time on Thursday across official and parallel foreign exchange markets.
The Central Bank of Nigeria’s data showed that the Naira depreciated slightly to N1,443.90 against the dollar on Thursday, down from N1,442.92.
This means that the Naira weakened marginally by N0.98 against the dollar on a day-to-day basis.
Similarly, the Naira depreciated at the black market by N5 to N1,470 per dollar on Thursday from N1,465 since Monday.
The development comes after the naira recorded three straight appreciations against the dollar, gaining N10.92 against the dollar.
Meanwhile, the apex bank data showed that the country’s foreign reserves surged to $44.56 billion as of 26th November 2025, up from $44.26 billion on 21st November.
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