5th December 2025, NewsOrient, Business And Economy News, Governance And Development. Photo Credit: Central Bank of Nigeria

Nigerian Naira on Thursday recorded depreciations against the United States Dollar at the official foreign exchange market.

Data from the Central Bank of Nigeria showed that the Naira further weakened to N1,447.83 against the Dollar on Thursday, down from N1,447.65 traded on Wednesday.

This represents a slight dip of N0.18 on a day-to-day basis.

NewsOrient reports that this comes despite reports of continued rise in Nigeria’s foreign reserves, which stood at $44.97 billion as of November 3, 2025.

However, Daily Post reported yesterday that “Naira remained unchanged at N1,475 per dollar on Thursday in the parallel market, the same rate recorded on Wednesday.

The report says that “the country returned to depreciation against the Dollar on Wednesday after gaining on Tuesday.”

~ Published By NewsOrient Network

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