The naira continued its depreciation trend against the United States dollar at the official foreign exchange market on Monday.
Data from the Central Bank of Nigeria, CBN, showed that the naira weakened to ₦1,333.72 per dollar on Monday, from ₦1,332.26 recorded on Friday, October 16, 2026.
This means that the naira depreciated by ₦1.46 against the dollar at the official foreign exchange market on Monday.
Similarly, at the parallel market, the naira weakened to ₦1,375 per dollar on Monday, up from ₦1,370 recorded last week.
This comes as the country’s external reserves stood at $55.09 billion at the end of last week, according to data from the apex bank.
Recall that the naira ended last week on a negative note, falling against the dollar.
