The Nigerian naira on Thursday extended its depreciation against the United States dollar at the official foreign exchange market, according to data from the Central Bank of Nigeria (CBN).
Figures released by the apex bank showed that the naira weakened to N1,422.07 per dollar on Thursday, compared with N1,420.69 recorded on Wednesday.
This represents a day-on-day loss of N1.34 against the dollar.
The naira has now declined at the official market on Monday, Wednesday and Thursday this week, reflecting continued pressure on the local currency.
At the parallel market, however, the naira remained stable, exchanging at N1,490 per dollar on Thursday, unchanged from the previous day.
The latest depreciation comes despite an improvement in Nigeria’s external reserves.
CBN data indicate that the country’s foreign reserves rose to $45.99 billion as of January 21, 2026, up from $45.95 billion recorded on January 19.
