{"id":572,"date":"2026-05-19T02:10:00","date_gmt":"2026-05-18T23:10:00","guid":{"rendered":"https:\/\/zalebs.com\/news\/naira-slips-further-as-dollar-strengthens-at-nigerias-fx-window\/"},"modified":"2026-05-19T02:10:00","modified_gmt":"2026-05-18T23:10:00","slug":"naira-slips-further-as-dollar-strengthens-at-nigerias-fx-window","status":"publish","type":"post","link":"https:\/\/zalebs.com\/news\/naira-slips-further-as-dollar-strengthens-at-nigerias-fx-window\/","title":{"rendered":"Naira Slips Further as Dollar Strengthens at Nigeria\u2019s FX Window"},"content":{"rendered":"<p>The naira kept sliding against the US dollar at Nigeria\u2019s official foreign-exchange window at the start of the week, extending a broader weakening trend even as foreign reserves have improved. Central bank figures showed the currency weakening further on Monday, signalling continued pressure on FX conditions for businesses and households relying on dollar-linked pricing.<\/p>\n<h2>Key takeaways<\/h2>\n<ul>\n<li>On Monday, the naira weakened to N1,373.70 per dollar at the official market.<\/li>\n<li>That compares with N1,371.04 per dollar on Friday, indicating a further fall at the official window.<\/li>\n<li>The naira moved down by N2.66 per dollar on Monday versus the rate recorded on Friday.<\/li>\n<li>In the black market, the naira held steady at N1,400 per dollar, matching the end-of-weekend trading rate.<\/li>\n<li>Foreign reserves recovered to $48.58 billion as of 15 May 2026, despite the continued naira depreciation.<\/li>\n<\/ul>\n<h2>Official FX rate slips as the week begins<\/h2>\n<p>Central Bank of Nigeria data indicated that the naira lost ground against the dollar at the official foreign exchange market on Monday. The exchange rate was recorded at N1,373.70 per dollar, compared with N1,371.04 per dollar traded on Friday. In practical terms, this points to another depreciation of N2.66 per dollar on Monday relative to the figure from the previous trading day.<\/p>\n<h2>Parallel market holds steady amid reserve rebound<\/h2>\n<p>While the official rate softened further, the parallel or black market rate did not change. The naira stayed at N1,400 per dollar, the same level at which it closed on the last working day. The mixed picture\u2014official weakness alongside stability in the black market\u2014came despite a reported strengthening in Nigeria\u2019s external buffers, with foreign reserves rising to $48.58 billion as of 15 May 2026.<\/p>\n<p>Last week, the naira depreciated against the dollar across foreign exchange markets, and Monday\u2019s official-market movement continued that negative momentum. The combination of a weaker official rate and a stable parallel rate suggests that market participants may be pricing in continued currency pressure even as reserves show signs of support.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The naira kept sliding against the US dollar at Nigeria\u2019s official foreign-exchange window at the start of the week, extending a broader weakening trend even as foreign reserves have improved. Central bank figures showed the currency weakening further on Monday, signalling continued pressure on FX conditions for businesses and households relying on dollar-linked pricing. Key [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_title":"Naira Weakens Further as Dollar Strengthens in Nigeria FX","_yoast_wpseo_metadesc":"Naira slides again at Nigeria\u2019s official FX window as the dollar strengthens, raising costs for businesses and households amid ong","mma_seo_breadcrumb_text":"","mma_seo_breadcrumb_url":"","mma_seo_breadcrumb_hide_ui":"","mma_seo_breadcrumb_labels":[],"footnotes":""},"categories":[5],"tags":[],"class_list":["post-572","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 Weakens Further as Dollar Strengthens in Nigeria FX<\/title>\n<meta name=\"description\" content=\"Naira slides again at Nigeria\u2019s official FX 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