The Nigerian naira continued its downward trend against the United States dollar at the official foreign exchange market on Thursday.
Data from the Central Bank of Nigeria (CBN) showed that the naira weakened to N1,422.07 per dollar, compared with N1,420.69 recorded on Wednesday.
This represents a day-on-day depreciation of N1.34 against the dollar.
Checks indicate that the local currency has now recorded losses against the greenback on Monday, Wednesday, and Thursday this week, underscoring persistent pressure at the official window.
In contrast, the naira remained unchanged at the parallel market, trading at N1,490 per dollar on Thursday, the same rate as the previous day.
The continued depreciation comes despite an improvement in Nigeria’s external reserves, which rose to $45.99 billion as of January 21, 2026, up from $45.95 billion on January 19, according to figures released by the apex bank.
