Naira Weakens Again to 1,370.64 per Dollar in Official FX Market

Business

The naira slid against the dollar at Nigeria’s official foreign exchange market on Tuesday, slipping back into bearish territory. Central Bank of Nigeria figures showed the currency weakened to 1,370.64 naira per dollar, compared with 1,369.11 per dollar recorded the day before. On a day-to-day basis, that represents a decline of 1.53 naira versus the US currency in the official market.

In the parallel (black) market, the naira held steady at 1,400 naira per dollar on Tuesday, unchanged from Monday’s level. The move in the official window comes alongside a rise in the country’s external reserves, which increased further by 51.14 billion dollars on Monday. The pattern suggests that while reserves continued to strengthen, the naira’s direction in the official market reversed from Monday to Tuesday.

Zibuyile Dladla
Zibuyile Dladla
Senior Writer

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.

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