The Naira depreciated against the dollar at the official foreign exchange market on Monday.
The Central Bank of Nigeria’s data showed that the Naira weakened marginally to N1,379.65 per dollar on Monday, down from N1,379.62 exchanged on Friday last week.
This means that on a day-to-day basis, the Naira declined slightly by N0.03 per dollar on Monday.
Meanwhile, at the black market, the Naira remained flat at N1430 per dollar on Monday, the same rate at close of work last week.
This comes as the country’s foreign reserves stood at $51.77 billion as of July 10, 2026.
Last week Friday the Naira recorded depreciation at the official foreign exchange market, ending the week on a negative note.