Naira slips to N1,348/$, as FX turnover drops below $101 million
AI Executive Briefing
Verified Synthesis~32s readData from the Central Bank of Nigeria (CBN) showed that the naira traded between N1,346/$ and N1,349.50/$ during Wednesday’s session, with a weighted average exchange rate of N1,347.7983/$. Interbank NFEM transactions hits $100.9 million The Central Bank of Nigeria (CBN) is yet to provide NFEM transaction data for November 4, 2026, leaving the day’s official market turnover and number of deals unavailable.
Context & Background
- ✦The naira weakened for a second consecutive trading session in November, closing at N1,348 per dollar on Wednesday, November 4, 2026, compared with N1,347.75/$ recorded on Tuesday The latest closing rate represents a marginal depreciation of N0.25, or 0.02%, as the local currency extended its losses after opening November at N1,346.01/$.
Key Figures & Named Entities
Wednesday:The naira weakened for a second consecutive trading session in November, closing at N1,348 per dollar on Wednesday, November 4, 2026, compared with N1,347.75/$ recorded on Tuesday The latest closing rate represents a marginal depreciation of N0.25, or 0.02%, as the local currency extended its losses after opening November at N1,346.01/$.Wednesday:Data from the Central Bank of Nigeria (CBN) showed that the naira traded between N1,346/$ and N1,349.50/$ during Wednesday’s session, with a weighted average exchange rate of N1,347.7983/$.2026:Interbank NFEM transactions hits $100.9 million The Central Bank of Nigeria (CBN) is yet to provide NFEM transaction data for November 4, 2026, leaving the day’s official market turnover and number of deals unavailable.
Outlook & Next Steps
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Key Takeaways
Verified Extract- Data from the Central Bank of Nigeria (CBN) showed that the naira traded between N1,346/$ and N1,349.50/$ during Wednesday’s session, with a weighted average exchange rate of N1,347.7983/$.
- Interbank NFEM transactions hits $100.9 million The Central Bank of Nigeria (CBN) is yet to provide NFEM transaction data for November 4, 2026, leaving the day’s official market turnover and number of deals unavailable.
- The naira weakened for a second consecutive trading session in November, closing at N1,348 per dollar on Wednesday, November 4, 2026, compared with N1,347.75/$ recorded on Tuesday The latest closing rate represents a marginal depreciation of N0.25, or 0.02%, as the local currency extended its losses after opening November at N1,346.01/$.
Key Facts:Wednesday: The naira weakened for a second consecutive trading session in November, closing at N1,348 per dollar on Wednesday, November 4, 2026, compared with N1,347.75/$ recorded on Tuesday The latest closing rate represents a marginal depreciation of N0.25, or 0.02%, as the local currency extended its losses after opening November at N1,346.01/$.Wednesday: Data from the Central Bank of Nigeria (CBN) showed that the naira traded between N1,346/$ and N1,349.50/$ during Wednesday’s session, with a weighted average exchange rate of N1,347.7983/$.2026: Interbank NFEM transactions hits $100.9 million The Central Bank of Nigeria (CBN) is yet to provide NFEM transaction data for November 4, 2026, leaving the day’s official market turnover and number of deals unavailable.Tuesday: CBN mops up N3.46 trillion across OMO, NTB auctions, holds T-bill stop rates steadyNigerian stocks gain N307 billion as Transcorp Power, banks drive market rallyDangote Cement, BUA spend N797 billion in energy cost However, available interbank data showed that 97 transactions valued at approximately $100.93 million were recorded during the session, compared with 117 deals worth $118.96 million on Tuesday.
Editorial Excerpt
The naira weakened for a second consecutive trading session in November, closing at N1,348 per dollar on Wednesday, November 4, 2026, compared with N1,347.75/$ recorded on Tuesday
Frequently Asked Questions About This Story
What is the latest development regarding BUA Group?
Data from the Central Bank of Nigeria (CBN) showed that the naira traded between N1,346/$ and N1,349.50/$ during Wednesday’s session, with a weighted average exchange rate of N1,347.7983/$.
Who are the key organizations or public figures mentioned?
Interbank NFEM transactions hits $100.9 million The Central Bank of Nigeria (CBN) is yet to provide NFEM transaction data for November 4, 2026, leaving the day’s official market turnover and number of deals unavailable.
What timeline or key figures were confirmed?
The naira weakened for a second consecutive trading session in November, closing at N1,348 per dollar on Wednesday, November 4, 2026, compared with N1,347.75/$ recorded on Tuesday The latest closing rate represents a marginal depreciation of N0.25, or 0.02%, as the local currency extended its losses after opening November at N1,346.01/$.
