The Naira continued depreciation against the USA Dollar on the official international alternate market on Tuesday.

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Central Financial institution of Nigeria knowledge confirmed that the Naira additional dropped to N1,355.37 per dollar on Tuesday, down from N1,349.24 on Monday.

Which means that on a day-to-day foundation, the Naira depreciated by N6.13 against the dollar.

In the meantime on the black market, the Naira remained at N1,370 per dollar on Tuesday, the identical price recorded on Monday.

This comes as President Bola Ahmed Tinubu at an occasion within the presidential villa on Tuesday confirmed that the Central Financial institution of Nigeria mopped up {dollars} for the international alternate market to stabilize the naira.

The apex financial institution governor, Olayemi Cardoso, mentioned the nation’s exterior reserves hit a 13-year excessive with a gross of $50.45 billion as of February sixteenth, 2026.

DAILY POST reviews that the naira depreciated against the dollar throughout international alternate markets on Monday.