The Nigerian Naira extended its depreciation against the United States dollar at the official foreign exchange market on Friday, ending the week on a negative note.
Data from the Central Bank of Nigeria, CBN, showed that the Naira weakened to N1,365.69 per dollar on Friday, compared with N1,364.88 recorded on Thursday.
The latest figure represents a decline of N0.81 per dollar on a day-to-day basis.
At the parallel market, commonly known as the black market, the Naira remained stable at N1,430 per dollar on Friday, the same rate recorded on Thursday.
Meanwhile, Nigeria’s external reserves rose to $52.03 billion as of Thursday, August 6, 2026.
The development comes as the Naira recorded more losses than gains against the dollar during the week under review.
DAILY POST reports that the Naira depreciated by N2.53 and N5 against the dollar on a week-on-week basis at the official and parallel foreign exchange markets, respectively.
