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Nigerian currency depreciates significantly - DAILY POST
Dollar to Naira exchange rate today, April 20, 2026: Nigerian currency depreciates significantly
The Naira depreciated significantly against the United States dollar across foreign exchange markets on Monday.
The Central Bank of Nigeria’s data showed that the Naira weakened to N1,349.67 on Monday from N1,343.64 traded last week, Friday.
This means at the official market the Naira dropped by N6.03 against the dollar on Monday when compared to the close of work last week.
Similarly, at the black market, the Naira dipped massively by N20 to N1430 on Monday from N1410 on Friday, according to multiple Bureau de Change operators in Wuse Zone 4, Abuja.
DAILY POST: A downward trend across foreign exchange markets comes at a time the country’s external reserves declined further to $48.62 billion as of 17th April 2026.
