The Nigerian naira on Thursday extended its slide against the United States dollar at the official foreign exchange market, according to fresh figures from the Central Bank of Nigeria.
Data released by the apex bank showed that the local currency weakened to N1,359.82 per dollar, compared to N1,356.11 recorded on Wednesday. This represents a day-on-day depreciation of N3.70 at the official market.
However, at the parallel market, commonly referred to as the black market, the naira remained unchanged at N1,375 per dollar, the same rate as the previous day.
The latest development means the naira has maintained a downward trend against the dollar at the official window over the past four days.
The depreciation comes despite a continued rise in Nigeria’s foreign reserves. Figures from the Central Bank of Nigeria show that external reserves increased to $49.51 billion as of February 25, 2026, up from $49.39 billion recorded a day earlier.
