{"id":173,"date":"2026-05-18T17:49:21","date_gmt":"2026-05-18T14:49:21","guid":{"rendered":"https:\/\/zalebs.com\/news\/naira-slides-further-against-dollar-hits-new-weakness-at-1371-per-usd\/"},"modified":"2026-05-18T17:49:21","modified_gmt":"2026-05-18T14:49:21","slug":"naira-slides-further-against-dollar-hits-new-weakness-at-1371-per-usd","status":"publish","type":"post","link":"https:\/\/zalebs.com\/news\/naira-slides-further-against-dollar-hits-new-weakness-at-1371-per-usd\/","title":{"rendered":"Naira Slides Further Against Dollar, Hits New Weakness at 1,371 per USD"},"content":{"rendered":"<p>The Nigerian naira slid further versus the US dollar for the second straight day across both the official and unofficial segments of the foreign-exchange market, leaving the week with a negative closing tone. Figures from the Central Bank of Nigeria showed that on Friday the currency weakened to <strong>N1,371.04 per dollar<\/strong>, compared with <strong>N1,370.89<\/strong> recorded on Thursday.<\/p>\n<p>On a day-on-day basis in the official market, that translated into a decline of <strong>N0.15<\/strong> against the dollar. In the parallel market, the move was sharper: the naira fell to <strong>N1,415 per dollar<\/strong> on Friday, after trading at <strong>N1,395 per dollar<\/strong> on Thursday. Over the preceding four days, the unofficial rate had also been under pressure, with Friday\u2019s quoted level reflecting that broader weakness.<\/p>\n<p>The latest depreciation occurred even after a short improvement in external buffers. The central bank reported that Nigeria\u2019s foreign reserves rose for three days, reaching <strong>$48.51 billion<\/strong> as of <strong>May 13, 2026<\/strong>. Despite this increase, the naira still softened at both exchange windows, following a similar drop on Thursday in the official foreign-exchange market.<\/p>\n<h2>Week in review: mixed trading signals<\/h2>\n<p>Across the week, the naira\u2019s performance against foreign currencies reflected a tug-of-war between intermittent gains and losses, with renewed selling pressure returning toward the end of the period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian naira slid further versus the US dollar for the second straight day across both the official and unofficial segments of the foreign-exchange market, leaving the week with a negative closing tone. Figures from the Central Bank of Nigeria showed that on Friday the currency weakened to N1,371.04 per dollar, compared with N1,370.89 recorded [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_title":"Naira Falls Again as Dollar Rate Hits 1,371; FX Update","_yoast_wpseo_metadesc":"Naira weakens again, sliding to 1,371.04 per dollar as both official and unofficial FX markets extend losses\u2014here\u2019s the latest rat","mma_seo_breadcrumb_text":"","mma_seo_breadcrumb_url":"","mma_seo_breadcrumb_hide_ui":"","mma_seo_breadcrumb_labels":[],"footnotes":""},"categories":[5],"tags":[],"class_list":["post-173","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Naira Falls Again as Dollar Rate Hits 1,371; 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