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Nigerian Naira depreciates across FX markets - DAILY POST

JULY 04, 2026

By Ogaga Ariemu

The Nigerian Naira depreciated across official foreign and parallel foreign exchange markets on Friday to end the week on a negative note. 

The Central Bank of Nigeria’s data showed that the Naira weakened on Friday to N1,370.19, down from N1,370.15 traded on Thursday.

This means that in the official foreign exchange market, the naira declined slightly by N0.04 against the dollar. 

Similarly, at the black market, the Naira fell by N10 to N1,405 per dollar on Friday, down from N1,935 exchanged the previous day. 

The downward trend of Nigerian currency on Friday across foreign exchange markets comes despite the country’s sustained surge in external reserves to $51.46 billion on June 30th, 2026. 

DAILY POST reports that the Naira recorded more gains than losses at the official foreign exchange, gaining N10.74 per dollar when compared to N1,380.93 per dollar traded last Friday. 

MARKET NEWS

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