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Naira fell to N1,355.37 per dollar at the official market.
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Black market rate remained stable at N1,370 per dollar.
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External reserves rose to $50.45 billion, a 13-year high.
The naira continued its depreciation against the United States dollar at the official foreign exchange market on Tuesday despite interventions by the Central Bank of Nigeria.
Data from the Central Bank of Nigeria showed that the naira weakened to N1,355.37 per dollar on Tuesday, down from N1,349.24 recorded on Monday, representing a N6.13 day-to-day depreciation.
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At the parallel market, however, the naira remained unchanged at N1,370 per dollar, the same rate recorded the previous day.
President Bola Ahmed Tinubu disclosed during an event at the Presidential Villa that the Central Bank of Nigeria had mopped up dollars into the foreign exchange market in a bid to stabilise the naira.
Meanwhile, the apex bank governor, Olayemi Cardoso, revealed that Nigeria’s external reserves rose to $50.45 billion as of February 16, 2026, representing the highest level recorded in 13 years.
