{"id":402,"date":"2026-05-18T19:35:43","date_gmt":"2026-05-18T16:35:43","guid":{"rendered":"https:\/\/zalebs.com\/news\/naira-weakens-further-to-n1373-16-per-dollar-as-dollar-demand-persists\/"},"modified":"2026-05-18T19:35:43","modified_gmt":"2026-05-18T16:35:43","slug":"naira-weakens-further-to-n1373-16-per-dollar-as-dollar-demand-persists","status":"publish","type":"post","link":"https:\/\/zalebs.com\/news\/naira-weakens-further-to-n1373-16-per-dollar-as-dollar-demand-persists\/","title":{"rendered":"Naira Weakens Further to N1,373.16 per Dollar as Dollar Demand Persists"},"content":{"rendered":"<p>The naira slid further against the U.S. dollar at the official foreign-exchange window on Monday, May 11, 2026, extending the currency\u2019s soft start to the week despite a small increase in Nigeria\u2019s external reserves.<\/p>\n<h2>Naira exchange rates: May 11, 2026<\/h2>\n<ol>\n<li>At the official market, the Central Bank of Nigeria\u2019s figures show the naira weakened to <strong>N1,373.16 per dollar<\/strong> on Monday.<\/li>\n<li>This compares with <strong>N1,361.39 per dollar<\/strong> traded at the close of business last Friday.<\/li>\n<li>Overall, that represents a fall of <strong>N11.77<\/strong> versus the level recorded at the end of the previous trading week.<\/li>\n<li>In the parallel (black) market, the naira held steady at <strong>N1,395 per dollar<\/strong>, the same rate reported on Friday.<\/li>\n<li>Separately, the central bank data indicated that Nigeria\u2019s external reserves edged up to <strong>$48.36 billion<\/strong> as of May 8, 2026, rising from <strong>$48.33 billion<\/strong> the day before.<\/li>\n<li>The move continues the pattern seen on Friday, when the naira had fallen against the dollar at the official foreign-exchange market to finish the week on a weaker note.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>The naira slid further against the U.S. dollar at the official foreign-exchange window on Monday, May 11, 2026, extending the currency\u2019s soft start to the week despite a small increase in Nigeria\u2019s external reserves. Naira exchange rates: May 11, 2026 At the official market, the Central Bank of Nigeria\u2019s figures show the naira weakened to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_title":"Naira Slides to N1,373.16 as Dollar Demand Persists","_yoast_wpseo_metadesc":"Naira falls again at the official FX window to N1,373.16 per dollar as dollar demand holds steady, despite a modest rise in extern","mma_seo_breadcrumb_text":"","mma_seo_breadcrumb_url":"","mma_seo_breadcrumb_hide_ui":"","mma_seo_breadcrumb_labels":[],"footnotes":""},"categories":[5],"tags":[],"class_list":["post-402","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 Slides to N1,373.16 as Dollar 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