Exchange rate today, November 5, 2026: Naira extends depreciation against USD
- ✦Reported under Nigeria's Business news sector.
- The naira extended its depreciation against the dollar at the official foreign exchange market on Thursday.Data from the Central Bank of Nigeria, CBN, showed that the naira weakened further to N1,348.74 per dollar on Thursday, compared with N1,347.79 recorded on Wednesday.This means that, on a day-to-day basis, the naira depreciated by N0.95 against the dollar at the official FX market.Similarly, at the parallel market, the naira weakened to N1,410 per dollar on Thursday, compared with N1,400 traded the previous day.The naira's depreciation comes as the country's external reserves declined to $55.15 billion, according to CBN data for November 3.Recall that the naira fell against the dollar across the foreign exchange markets on Wednesday.https://dailypost.ng/2026/11/04/exchange-rate-today-november-4-2026-naira-depreciates-against-usd-as-external-reserves-drop/#google_vignette.
The naira extended its depreciation against the dollar at the official foreign exchange market on Thursday.Data from the Central Bank of Nigeria, CBN, showed that the naira weakened further to N1,348.74 per dollar on Thursday, compared with N1,347.79 recorded on Wednesday.This means that, on a...
Frequently Asked Questions About This Story
What is the latest development regarding Central Bank of Nigeria?
The naira extended its depreciation against the dollar at the official foreign exchange market on Thursday.Data from the Central Bank of Nigeria, CBN, showed that the naira weakened further to N1,348.74 per dollar on Thursday, compared with N1,347.79 recorded on Wednesday.This means that, on a day-to-day basis, the naira depreciated by N0.95 against the dollar at the official FX market.Similarly, at the parallel market, the naira weakened to N1,410 per dollar on Thursday, compared with N1,400 traded the previous day.The naira's depreciation comes as the country's external reserves declined to $55.15 billion, according to CBN data for November 3.Recall that the naira fell against the dollar across the foreign exchange markets on Wednesday.https://dailypost.ng/2026/11/04/exchange-rate-today-november-4-2026-naira-depreciates-against-usd-as-external-reserves-drop/#google_vignette.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Central Bank of Nigeria, Naira & Foreign Exchange Policy.
What timeline or key figures were confirmed?
The naira extended its depreciation against the dollar at the official foreign exchange market on Thursday.Data from the Central Bank of Nigeria, CBN, showed that the naira weakened further to N1,348.74 per dollar on Thursday, compared with N1,347.79 recorded on Wednesday.This means that, on a day-to-day basis, the naira depreciated by N0.95 against the dollar at the official FX market.Similarly, at the parallel market, the naira weakened to N1,410 per dollar on Thursday, compared with N1,400 traded the previous day.The naira's depreciation comes as the country's external reserves declined to $55.15 billion, according to CBN data for November 3.Recall that the naira fell against the dollar across the foreign exchange markets on Wednesday.https://dailypost.ng/2026/11/04/exchange-rate-today-november-4-2026-naira-depreciates-against-usd-as-external-reserves-drop/#google_vignette.
