Naira Falls Against Dollar at Official Market as CBN Data Shows N1,375.46 Rate
By Aboki Forex —
The naira depreciated on Friday, dropping against the dollar at the official foreign exchange market to close the week on a negative note.
Central Bank of Nigeria data showed that the naira dipped to N1,375.46 against the dollar on Friday, down from N1,372.31 on Thursday. This means the naira weakened against the dollar by N3.15 on a day-to-day basis.
At the black market, the naira remained at N1,400 per dollar on Friday, the same rate since Monday.
The development comes as the country’s foreign reserves rose to $48.89 billion as of May 21, 2026, up from $48.72 billion recorded two days earlier, according to apex bank data.
In the week under review, the naira recorded both gains and losses against the dollar in the official foreign exchange market.