The Nigerian naira has hit a two‑month low against the United States dollar, according to the Central Bank of Nigeria’s latest data. On Wednesday the naira traded at N1,455.38 per dollar, down from N1,454.38 on Tuesday—a decline of N1 in a single day. Over the past three days in the official foreign‑exchange market, the naira has weakened by N3.517, with the current rate of N1,455.38 per dollar marking its lowest level since 10 October 2025.
In contrast, the black‑market rate remained unchanged at N1,490 per dollar on Wednesday, the same as the previous day. The depreciation occurs despite an increase in Nigeria’s foreign reserves, which rose to $45.38 billion as of 9 December. This development may raise concerns about currency stability and its potential impact on the economy.
The Central Bank’s data offers insight into the naira’s performance against major currencies, particularly the US dollar. Investors, businesses, and individuals closely monitor the exchange rate because it influences import costs, inflation, and the broader economic outlook. The current rate of N1,455.38 per dollar is a significant development that could affect trade and investment decisions.
Given its implications for economic growth and stability, the naira’s value will remain under scrutiny. As the foreign‑exchange market evolves, it is essential to continue monitoring the naira’s performance and its effects on the Nigerian economy.
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