Market News
Naira records four consecutive depreciation against US dollar - DAILY POST
By
The Naira on Thursday recorded four straight depreciation against the United States Dollar at the official foreign exchange market.
The Central Bank of Nigeria’s data showed that the Naira further declined to
N1,456.07 per dollar on Thursday, down from N1,455.38 traded on Wednesday.
This means that the Naira dropped by 0.6 per dollar on a day-to-day basis and N4.21 in the past four days.
Meanwhile, at the black market, the Naira remained flat at N1,490 per dollar on Thursday, the same rate as on Wednesday.
The persistent decline of the naira against the dollar at the official foreign exchange market comes despite the continued surge in the country’s foreign reserves, which stood at $45.41 billion as of November 10, 2025.
