The naira began the new week in a weaker position against the US dollar, extending its depreciation trend at Nigeria\u2019s official foreign exchange window. Central Bank of Nigeria figures indicated that the currency slipped to 1,383.63 naira per dollar on Monday, compared with 1,380.93 naira per dollar at the previous point in time. On a day-to-day basis, that move represented a decline of 2.7 naira, reinforcing the sense that the currency continues to come under pressure early in the week.<\/p>\n
In the parallel or \u201cblack\u201d market, however, the naira held steady. Traders quoted the exchange rate at 1,395 naira per dollar on Monday, matching the rate recorded at the end of trading on Friday. A bureau de change operator in Wuse Zone 4, Abuja, Bengazzi Abubakar, said the business model remained unchanged, with purchases of US dollars at 1,385 naira and sales at 1,395 naira per dollar.<\/p>\n
The currency movement is unfolding alongside data on Nigeria\u2019s external buffers. The central bank reported that foreign reserves stood at $51.29 billion as of June 26, 2026, a level investors and businesses often watch closely for signals about the market\u2019s capacity to meet demand for imported goods and foreign exchange obligations.<\/p>\n","protected":false},"excerpt":{"rendered":"
The naira began the new week in a weaker position against the US dollar, extending its depreciation trend at Nigeria\u2019s official foreign exchange window. Central Bank of Nigeria figures indicated that the currency slipped to 1,383.63 naira per dollar on Monday, compared with 1,380.93 naira per dollar at the previous point in time. On a […]<\/p>\n","protected":false},"author":2,"featured_media":2412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_title":"Naira Falls Again as CBN Official Rate Drops to 1,383.63","_yoast_wpseo_metadesc":"Naira weakens further at Nigeria\u2019s official FX window, sliding to 1,383.63 per dollar as the CBN rate drops and depreciation press","mma_seo_breadcrumb_text":"","mma_seo_breadcrumb_url":"","mma_seo_breadcrumb_hide_ui":"","mma_seo_breadcrumb_labels":[],"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2413","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business"],"yoast_head":"\n