Naira exchange rate today, September 24, 2026: Naira extends depreciation against USD
The Naira extended its depreciation against the US dollar at the official foreign exchange market on Thursday. Central Bank of Nigeria, CBN data showed that the Naira further weakened to N1,328.67 against the dollar on Thursday, from N1,328.50 on Wednesday. This means that, on a day-to-day basis, the Naira depreciated slightly by N0.17 against the […] Naira exchange rate today, September 24,…
On Thursday, September 24, 2026, Nigeria's official foreign exchange market witnessed the Naira's continued depreciation against the US dollar. The Central Bank of Nigeria reported the Naira weakening further to N1,328.67 per dollar, up from N1,328.50 the previous day. This translates to a marginal decline of N0.17 in the value of the Naira against the dollar on a daily basis. At the parallel market, the Naira remained stable at N1,385 per dollar, mirroring the rate from the prior day.
Despite the steady fall of the Naira in the official market, the overall sentiment remained mixed as the country's foreign reserves continued to grow. According to the Central Bank's data as of September 23, 2026, Nigeria's foreign reserves had surged to $54.83 billion. The mixed signals across both the official and black market foreign exchange markets highlighted the complex interplay between the country's economic indicators and currency fluctuations.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
