The naira continued its downward trend against the U.S. dollar on Monday, closing weaker at the official foreign exchange market.
Data from the Central Bank of Nigeria showed the currency settled at N1,448.03 per dollar, compared with N1,442.43 recorded last Friday. The movement reflects a N5.60 depreciation at the start of the week.
In the parallel market, however, the naira traded unchanged at N1,465 per dollar, maintaining the same level as last week’s close.
The latest decline comes despite signs of easing inflationary pressure. Nigeria’s inflation rate fell for the seventh consecutive month in October, dropping to 16.05% from 18.02% in September.
Meanwhile, Nigeria’s external reserves stood at $43.64 billion as of November 14, 2025, according to figures reported by Daily Post.
Overall, the currency market opened the week on a bearish note, with analysts watching to see whether improving macroeconomic indicators will eventually ease pressure on the naira.
