The naira recorded its first depreciation on Wednesday at the official foreign exchange market.
Central Bank of Nigeria data showed that the naira weakened for the first time this week, falling to N1,329.21 per dollar on Wednesday from N1,320.25 on Tuesday.
This means that the naira dropped by N8.96 on Wednesday after recording two consecutive days of gains at the official foreign exchange market.
Meanwhile, at the black market, the naira remained flat at N1,490 per dollar on Wednesday, the same rate recorded on Tuesday.
NUPRC warns gas flare site operators of permit revocation over inactivity
Electricity: NERC clamps down on DisCos, orders revenue diversion to network upgrades
Open Space: Nigeria gets new AI fintech
The development comes as the country’s external reserves surged further to $54.28 billion on Tuesday.
Recall that on Monday and Tuesday, the naira appreciated against the dollar at the official foreign exchange market.
Again, TCN announces fresh blackout in Abuja
CAC places Doman Engineering under caveat, announces restrictions over investigation
Dollar to Naira exchange rate today, September 8, 2026: Naira extends appreciation against US currency
