Market News
Naira depreciates against US dollar across official, black markets - DAILY POST
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The naira on Monday began the week with depreciation against the United States dollar across official and parallel foreign exchange markets.
The Central Bank of Nigeria’s data showed that the Naira weakened further on Monday to N1,451.86 per dollar, down from N1,450.4287 exchanged on Friday last week.
This means that at the official market, the Naira dropped by N1.43 on Monday when compared to N1,450.43 closing rate last week.
Simply at the black market, the Naira dipped the most by N15 on Monday to N1490 per dollar, down from N1475 on Friday.
This comes despite the surge of Nigeria’s external reserves to a six-year high of $45,11 billion as of December 5th, 2025.
The development also follows the CBN’s publication on Monday of a list of 82 fully licensed Bureau De Change (BDC) operators in the country.
