Naira records first depreciation against US dollar, erases three-day gain

The naira on Thursday recorded its first depreciation against the United States dollar at the official foreign exchange market this week.

The Central Bank of Nigeria’s data showed that the Naira weakened on Thursday to N1,353.66 per dollar, down from N1,348.95.

This means that on a day-to-day basis the N4.71 dropped against the dollar.

The decline almost erased Naira’s N5.51 per dollar gain at the official exchange in the last three days.

However, at the black market, the Naira appreciated further by N5 to N1440 on Thursday per dollar, up from N1445 the previous day, owing to the apex bank’s latest intervention to Bureau De Change operators.

The development comes as Nigeria’s foreign debt grew further to $47.53 as of February 10, 2026, according to the apex bank data.