Exchange rate today, November 9, 2026: Naira depreciates against USD across FX markets
The naira depreciated against the US dollar at both the official and parallel foreign exchange markets on Monday, starting the week on a negative note. Data from the Central Bank of Nigeria, CBN, showed that the naira weakened to N1,349.34 per dollar on Monday, compared with N1,346.80 recorded on Friday last week. This means the […] Exchange rate today, November 9, 2026: Naira depreciates against…
On Monday, November 9, 2026, the Nigerian naira experienced a depreciation against the US dollar in both the official and parallel foreign exchange markets, marking a negative start to the week. The Central Bank of Nigeria reported that the naira weakened to N1,349.34 per dollar, down from N1,346.80 on Friday, which translates to a loss of N2.54 per dollar at the official rate.
At the parallel market, the naira suffered an even greater decline, trading at N1,425 compared to N1,410 on Friday, marking a loss of N15 per dollar. This depreciation occurred as Nigeria's external reserves fell to $55.06 billion on November 6, 2026, according to CBN data. Earlier reports indicated that the country's foreign reserves had decreased by $90 million over five days, reaching $55.13 billion as of November 5.
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.
