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The naira weakened for the second straight week, falling to N1,393.26 per dollar at the official market.
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In the parallel market, the currency dropped to N1,415 per dollar, losing N45 since February 23.
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The depreciation occurred despite CBN interventions to stabilize the foreign exchange market.
Nigeria’s currency, the Nigerian naira, has recorded its second consecutive week of significant depreciation against the United States dollar across both official and parallel foreign exchange markets.
Data from the Central Bank of Nigeria (CBN) showed that the naira fell to N1,393.26 per dollar on Friday, compared with N1,387.45 per dollar the previous day. This represents a day-to-day decline of N5.81 and a weekly depreciation of N29.87.
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Over the past two weeks, the naira has weakened by N46.94 at the official market.
At the parallel market, commonly referred to as the black market, the currency also dropped significantly.
READ ALSO: Naira continues to depreciate against US dollar despite CBN intervention
Bureau de Change operators in Abuja reported that the naira traded at about N1,415 per dollar on Friday, down from around N1,370 per dollar on February 23, 2026, representing a N45 depreciation.
The latest decline occurred despite the apex bank’s intervention to mop up dollars from the market, a move recently acknowledged by Bola Ahmed Tinubu.