English>

Market News

Naira extends depreciation against US dollar - DAILY POST

FEBRUARY 27, 2026

By 

The naira continued to depreciate against the dollar at the official foreign exchange market on Thursday.

The Central Bank of Nigeria’s data showed that the naira further weakened to N1,359.81 per dollar on Thursday, down from N1,356.11 on Wednesday.

This means that at the official market, the naira dropped by N3.69 on a day-to-day basis.

At the black market, the naira remained at N1375 per dollar on Thursday, the same exchange rate as the previous day.

DAILY POST reports that in the past four days the Naira has sustained a downward trend against the dollar at the official market.

This comes despite the continuous surge in the country’s foreign reserves, which stood at $49.51 billion as of February 25, 2026, up from $49.39 billion a day before, according to the apex bank data.

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics