Exchange rate today, November 4, 2026: Naira depreciates against USD as external reserves drop
The Naira depreciated against the US dollar at the official foreign exchange market on Wednesday as the country's external reserves continued to decline. Data from the Central Bank of Nigeria, CBN, showed that the Naira weakened slightly to N1,347.79 per dollar on Wednesday, compared with N1,346.93 recorded on Tuesday. This means that, on a day-to-day […] Exchange rate today, November 4, 2026:…
On Wednesday, November 4, 2026, the Nigerian Naira experienced a slight depreciation against the US dollar at the official foreign exchange market. According to data from the Central Bank of Nigeria (CBN), the Naira weakened marginally, trading at N1,347.79 per dollar, up from N1,346.93 on the previous day. This represented a marginal decline of N0.86 against the dollar in the official market. In the parallel market, the Naira exchanged at N1,400 per dollar, compared to roughly N1,390 the day before.
The depreciation occurred as the country's external reserves continued their decline for the second time in a week. The external reserves fell to $55.15 billion on November 3, 2026, according to the Daily Post. While the Naira appreciated slightly at the official foreign exchange market on Tuesday, it remained relatively stable at the parallel market.
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.
