Dollar-to-Naira exchange rate today, October 23, 2026: Naira records massive depreciation against USD
The naira recorded a massive depreciation against the United States dollar on Friday, ending the week on a negative note. Data from the Central Bank of Nigeria, CBN, showed that the naira weakened significantly to N1,361.84 per dollar on Friday, from N1,344.40 recorded on Thursday. This means that, on a day-to-day basis, the naira depreciated […] Dollar-to-Naira exchange rate today, October 23,…
The Nigerian naira experienced a sharp decline against the US dollar on Friday, concluding the week on a negative trajectory. According to data from the Central Bank of Nigeria (CBN), the naira weakened considerably to N1,361.84 per dollar on Friday, down from N1,344.40 on Thursday. This daily depreciation amounted to N17.44 against the dollar.
The parallel market also reflected this trend, with the naira weakening to N1,385 per dollar on Friday, from N1,377 the previous day. Overall, the naira saw depreciation in both the official and parallel foreign exchange markets by Friday's end. Despite the rise in the country's foreign reserves, which stood at $55.16 billion on Thursday, as per CBN data, the naira's depreciation against the dollar was more pronounced across both markets during the week under review.
The Dollar-to-Naira exchange rate on October 23, 2026, stands at Naira records massive depreciation against USD.
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.
