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Naira drops to ₦1,464.50/$ at official FX, the steepest daily fall this week
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Black market weakens to ₦1,500/$, shedding ₦15 week-on-week
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External reserves decline to $45.21bn, down $0.20bn in five days
The naira on Friday recorded its sharpest depreciation against the US dollar this week at the official foreign exchange market, amid a fresh decline in Nigeria’s external reserves.
Data from the Central Bank of Nigeria (CBN) showed the local currency weakened to ₦1,464.4974 per dollar, compared with ₦1,457.8402 recorded on Thursday, extending its downward trend.
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This represents a day-on-day loss of ₦6.6498, the biggest single-day decline since December 4, 2025. Overall, the naira lost ₦12.67 against the dollar during the week, marking its weakest weekly performance in several months.
READ ALSO: Naira Suffers Sharp Week-on-Week Depreciation at Official FX Market
At the parallel market, the currency also depreciated, closing at ₦1,500 per dollar on Friday, down from ₦1,490 the previous week.
The sustained pressure on the naira comes as Nigeria’s external reserves fell by $0.20 billion, or 0.57 percent, to $45.21 billion as of December 17, 2025, from $45.47 billion recorded on December 12, according to official figures.
The twin decline in the naira across official and black market segments highlights continued FX supply pressures despite ongoing monetary reforms.
