News Update
THE naira recorded depreciations against the United States dollar at the official foreign exchange market on Thursday.
Data from the Central Bank of Nigeria showed that the naira further weakened to N1,447.83 against the dollar on Thursday, down from N1,447.65 traded on Wednesday.
This represents a slight dip of N0.18 on a day-to-day basis.
Meanwhile, the naira remained unchanged at N1,475 per dollar on Thursday in the parallel market, the same rate recorded on Wednesday.
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Online newspaper recalls the country returned to depreciation against the dollar on Wednesday after gaining on Tuesday.
This comes despite the continued rise in Nigeria’s foreign reserves, which stood at $44.97 billion as of November 3, 2025.
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