Naira exchange rate Today, September 4, 2026: Naira records first depreciation against US dollar
The naira depreciated for the first time in September 2026 at the official foreign exchange market, ending trading on Friday on a negative note. Data from the Central Bank of Nigeria showed that the naira weakened to N1,321.22 against the dollar on Friday from N1,315.67 on Thursday. This means that at the official foreign exchange market, the naira depreciated by […] Naira exchange rate Today,…
The Nigerian naira has experienced its first depreciation against the US dollar in September 2026, according to data released by the Central Bank of Nigeria. The official foreign exchange market saw the naira weaken to N1,321.22 per dollar on Friday, a drop of N5.55 from the previous day's rate of N1,315.67. Despite this decline, the black market rate for the naira remained unchanged at N1,400 per dollar on Friday, mirroring the rate from the previous day.
This shift in the exchange rate occurred despite the country's foreign reserves continuing to grow, reaching $54.08 billion on Thursday.
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