The Naira on Wednesday slipped to its weakest level in two months against the United States dollar at the official foreign exchange market.
Data from the Central Bank of Nigeria revealed that the currency fell to N1,455.38 per dollar, compared to N1,454.38 recorded on Tuesday—marking a N1 depreciation day-on-day.
In the parallel market, however, the Naira traded unchanged at N1,490 per dollar, the same rate as Tuesday.
According to Nigerian Newssphere, the Naira has now weakened by N3.517 at the official window over the last three trading days, settling at N1,455.38/$. The currency last touched this level on October 10, 2025.
This decline comes despite a steady rise in Nigeria’s foreign reserves, which reached $45.38 billion as of December 9.
