The naira continued its slide versus the U.S. dollar on Thursday, extending a streak of depreciation at Nigeria’s official foreign-exchange window for a third straight session this week.
Central Bank of Nigeria figures showed the currency weakening further on Thursday to N1,363.30 per dollar, compared with N1,360.07 on Wednesday. On a day-to-day basis, that represented a fall of N3.23 against the dollar at the official market.
In contrast, the black market rate was unchanged on Thursday at N1,400 per dollar, the same level recorded on Wednesday.
The move in the official rate comes alongside improved external buffers. Nigeria’s foreign reserves rose to $50.96 billion as of June 17, 2026, continuing a recent upward trend.
It also follows a pattern of depreciation at the official window: except for Monday, the naira had been trading weaker against the dollar over the most recent sessions.
