The naira depreciated further against the dollar at the official foreign exchange market on Thursday, according to data from the Central Bank of Nigeria.
Figures published by the apex bank showed the local currency weakened to N1,359.81 per dollar on Thursday, compared with N1,356.11 on Wednesday. This represents a day-to-day decline of N3.69 at the official window.
At the parallel market, however, the naira held steady at N1,375 per dollar, unchanged from the previous day.
Reports show that the naira has recorded losses at the official market for four consecutive trading sessions, sustaining a downward trend against the dollar.
The depreciation comes despite continued growth in Nigeria’s external reserves. Data from the Central Bank indicate that foreign reserves rose to $49.51 billion as of February 25, 2026, up from $49.39 billion recorded a day earlier.
Meanwhile, in a separate development, the Abuja Electricity Distribution Company said there would be no blackout in four Nigerian states from next year.
