THE Naira has recorded a significant depreciation against the United States Dollar at the official foreign exchange market in the past 48 hours.
The Central Bank of Nigeria’s data in the last three days showed that the Naira dropped to N1,455.4983 on Wednesday, down from N1,451.8169 recorded on Monday.
This means that the Naira dipped by N3.7 against the dollar so far this week alone.
Meanwhile, the Naira has remained flat at N1495 per dollar at the black market since Monday, according to multiple Bureau De Change operators in Abuja.
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The development comes as the country’s external reserves recorded slight drop to $45.32 billion as of December 15, 2025, down from $45.47 billion on December 12.
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