{
  "id": 18451371,
  "title": "Naira falls to N1,350.45/$ at NFEM, extending November losses",
  "url": "https://urgent.news/2026/11/06/naira-falls-to-n1-350-45-at-nfem-extending-november-losses",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T06:05:57.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/11/06/naira-falls-to-n1350-45-at-nfem-extending-november-losses/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Nigerian naira fell to N1,350.45 per dollar at the NFEM on November 5, continuing its downward trend in the first week of November. This marks a cumulative depreciation of N4.44 since the start of the month, following a reversal of appreciation recorded over the previous three months. The decrease in trading activity and a weaker closing exchange rate were noted, despite an increase in Nigeria's foreign exchange reserves by $295.35 million in October 2026, bringing the gross external reserves to a record $46 billion.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}