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Naira depreciates, begins November on negative note - DAILY POST

NOVEMBER 03, 2026

The naira depreciated against the dollar at the official foreign exchange market on Monday, beginning November and the new trading week on a negative note.

Data from the Central Bank of Nigeria, CBN, showed that the naira weakened to N1,347.94 per dollar on Monday from N1,346.26 recorded on Friday.

This means that the naira depreciated by N1.68 against the dollar on the first trading day of November.

Meanwhile, at the parallel market, the naira remained stable at N1,390 per dollar on Monday, the same rate recorded last week.

MARKET NEWS

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