The Naira depreciated on Tuesday against the dollar at the official and parallel foreign exchange markets.
The Central Bank of Nigeria’s data showed that the Naira fell to N1,375.75 per dollar on Tuesday, down from N1,368.27 exchanged on Monday.
This means that on a day-to-day basis the naira depreciated by N7.48 against the dollar.
Also at the black market, the Naira declined further to N1415 per dollar on Tuesday, from N1410 traded the previous day.
Meanwhile, the country’s foreign reserves surged further to $51.58 billion on July 6, 2026.
Recall that the Naira appreciated against the dollar in the official market but lost it in the black market on Monday.
