Naira Depreciates to N1,359.81 Against Dollar at Official Market
The naira weakened to N1,359.81 per dollar on Thursday at the official foreign exchange market, a N3.69 drop from Wednesday's N1,356.11. This follows four consecutive days of depreciation despite the Central Bank's data showing foreign reserves increased to $49.51 billion. At the black market, the naira remained stable at N1,375 per dollar. The depreciation trend continues despite the reserve growth.
SOURCE: https://dailypost.ng/2026/02/27/naira-extends-depreciation-against-us-dollar/