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The naira depreciated against the US dollar astatine some the authoritative and parallel overseas speech markets connected Monday, starting the week connected a antagonistic note.
Data from the Central Bank of Nigeria, CBN, showed that the naira weakened to N1,349.34 per dollar connected Monday, compared with N1,346.80 recorded connected Friday past week.
This means the naira depreciated by N2.54 against the dollar astatine the authoritative market.
Similarly, the naira mislaid N15 against the dollar astatine the parallel market, trading astatine N1,425 connected Monday compared with N1,410 recorded astatine the adjacent of concern connected Friday.
The improvement comes arsenic Nigeria's outer reserves declined to $55.06 cardinal arsenic of November 6, 2026 according to the apex slope data.
Earlier, Daily Post reported that the country's overseas reserves fell by $90 million successful 5 days to $55.13 cardinal arsenic of November 5.
Exchange complaint today, November 9, 2026: Naira depreciates against USD crossed FX markets
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