The naira depreciated against the dollar at both the official and parallel foreign exchange markets on Monday, opening the new month on a bearish note.
Latest data from the Central Bank of Nigeria showed that the naira fell to N1,448.44 per dollar on Monday, compared to N1,446.74 recorded last Friday. This reflects a loss of N1.70 within one trading day.
Read Also:
Naira Closes Week Stronger, Gains 1.07% at Official Forex Market
At the parallel market, the currency also weakened, dropping to N1,475 per dollar from N1,470 at the close of business last week, representing a decline of N5.
The continued pressure on the naira comes as Nigeria’s foreign reserves stood at $44.61 billion as of November 27, 2025.
(Daily Post)