The naira weakened against the United States dollar on Thursday at the official foreign exchange market, reversing part of the gains recorded over the previous two sessions.
Data from the Central Bank of Nigeria (CBN) showed that the local currency closed at N1,366.06 per dollar on Thursday, compared with N1,358.28 on Wednesday.
This represents a day-on-day depreciation of N7.78 at the official window.
At the parallel market, however, the naira remained unchanged, exchanging at N1,460 per dollar on Thursday, the same rate recorded the previous day.
The latest movement comes amid relatively strong external buffers, as Nigeria’s foreign exchange reserves stood at $46.81 billion as of February 4, 2026, according to CBN figures.
The decline follows a notable rally earlier in the week, during which the naira appreciated by N32.08 against the dollar between Tuesday and Wednesday at the official market.
