Naira slides N11/$ as interbank FX turnover jumps 70% to $94.43 million
The naira weakened by N11.10 against the US dollar in the interbank foreign exchange market on Wednesday, September 9, closing at N1,334/$, compared with N1,322.90/$ recorded on Tuesday. The post Naira slides N11/$ as interbank FX turnover jumps 70% to $94.43 million appeared first on Nairametrics .
The Nigerian currency, the naira, experienced a notable depreciation against the US dollar on Wednesday, September 9, 2026, according to data from the Central Bank of Nigeria (CBN). The naira fell by N11.10, settling at N1,334/$, down from N1,322.90/$ recorded on the previous day. This represents a 0.84% decline in the exchange rate, marking a shift from recent gains in the Nigerian Foreign Exchange Market (NFEM).
The interbank foreign exchange turnover surged to $94.43 million, a 69.82% increase from $55.60 million on September 8. The increase in interbank transactions to $94.43 million, up from $55.60 million, occurred despite the naira's weaker closing rate.
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