The naira weakened against the United States dollar at the official foreign exchange market on Thursday, marking its second depreciation in three days.
Data from the Central Bank of Nigeria (CBN) showed that the local currency closed at N1,420.69 per dollar on Thursday, compared with N1,419.35 recorded on Wednesday.
This represents a day-on-day loss of N1.34 for the naira at the official window.
However, the currency strengthened slightly at the parallel market, gaining N3 to trade at N1,490 per dollar on Thursday, as against N1,493 exchanged the previous day.
Nigerian Newssphere reports that the naira has posted a mix of gains and losses over the past three days across different segments of the foreign exchange market.
Meanwhile, Nigeria’s external reserves stood at $45.95 billion as of Monday, January 19, 2026.
