The Naira, on Tuesday, weakened to N1,389 per dollar, according to data published on the Central Bank of Nigeria (CBN) website.
This is just as the country’s external reserves dropped. by about $850 million within three weeks.
Intraday trading showed the currency fluctuating between N1,381/$ and N1,390/$, with an average rate of N1,386.3/$, reflecting mild pressure in the foreign exchange market.
The naira weakened to N1,389/$ from N1,382.75/$ recorded before the Easter break.
Intraday trading ranged between N1,381/$ and N1,390/$, with an average rate of N1,386.3/$.
NFEM interbank turnover stood at 48,655,051.7800, with a total of 71 deals recorded.
External reserves declined by about $850 million within three weeks, falling to $49.18 billion between March 11 and April 2, 2026.
The figures indicate sustained pressure on the naira and a reversal of earlier gains in Nigeria’s external reserves.
