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Naira depreciation deepens as currency drops to N1,442.43/$ at official market.
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Falls four times in one week, despite rising external reserves at $43.54bn.
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Black market rate stays unchanged at N1,465/$.
The Naira slipped further against the United States dollar on Friday, closing the week on another negative note at the official foreign exchange market.
Data from the Central Bank of Nigeria (CBN) showed that the currency weakened to N1,442.43 per dollar, compared to N1,441.44 recorded on Thursday. This indicates a day-on-day loss of N0.99.
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At the parallel market, the Naira traded flat at N1,465 per dollar, the same rate recorded the previous day.
READ ALSO: Naira Hits 2025 Peak at ₦1,421/$ as Forex Supply Improves, Reserves Rise
Figures tracked by DRN indicate that the Naira depreciated four times within the week, losing a cumulative N5.86 at the official window.
This latest decline comes despite a steady rise in Nigeria’s external reserves, which climbed to $43.54 billion as of Thursday, up from $43.35 billion recorded the previous week.
Market watchers are monitoring how the currency will perform in the new week amid persistent pressure on the forex market.
