The naira edged lower against the US dollar on Wednesday in both the official foreign exchange window and the parallel market, extending a recent weakening trend despite a rise in Nigeria’s external reserves. Central Bank of Nigeria figures put the currency at 1,360.07 per dollar at the official market on Wednesday, compared with 1,357.18 per dollar on Tuesday. On a day-to-day basis, that translates into a decline of 2.89 naira per dollar in the official window.
In the black market, the move was slightly larger. The naira was quoted at 1,400 per dollar on Wednesday, down from 1,395 per dollar the previous day, indicating a 5 naira depreciation. The broader slide across both segments comes as Nigeria’s external reserves climbed further to 50.89 billion dollars as of Tuesday, according to the same set of data cited in the report. The report also noted that the naira had strengthened on Monday but reversed course on Tuesday, before continuing to soften on Wednesday.
Zibuyile began her media journey as a sales intern at Mediamark (Kagiso Media) before moving into digital content creation for ZAlebs.com. Over four years, she helped evolve the platform from a simple blog into one of South Africa’s leading independent entertainment news sites.
Following ZAlebs’ transition to Celebrity Worx in 2016, Zibuyile was promoted to Executive Editor, recognized for her sharp audience insight and ability to match editorial with branded content. Highlights of her time include a Bookmark Award nomination, judging TLC’s Next Great Presenter, reporting from the MTV EMAs, and building partnerships with radio stations like YFM, Cliff Central, and Good Hope FM.
Her editorial work also expanded to include fast-growing digital verticals—such as lifestyle tech, online entertainment, and gambling-related content—tailored to evolving reader interests and brand opportunities.
