The Nigerian naira weakened against the United States dollar at the official foreign exchange market on Monday, opening the week on a bearish note.
Data from the Central Bank of Nigeria (CBN) showed that the naira depreciated to N1,390.36 per dollar on Monday, compared with N1,386.55 recorded at the close of trading last Friday.
This represents a depreciation of N3.81 against the dollar within one trading session.
At the parallel market, however, the naira remained stable, exchanging between N1,460 and N1,470 per dollar on Monday, the same rate recorded on Friday, according to checks with Bureau de Change operators in Wuse Zone 4, Abuja.
The latest development comes after the naira posted a notable appreciation across both the official and black markets at the close of trading last week.
Meanwhile, CBN data indicated that Nigeria’s external reserves stood at $46.18 billion as of January 29, 2026.
