The naira depreciated against the dollar on the official and parallel overseas change markets on Monday to start the brand new month on a bearish be aware.
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Central Financial institution of Nigeria’s knowledge confirmed that the Naira weakened to N1,448.44 on Monday, down from N1,446.74 traded on Friday final week.
Which means that the naira dropped by N1.7 against the dollar on Monday when in comparison with Friday.
Equally, on the black market, the Naira declined by N5 to N1,475 on Monday from N1,470 on the shut of labor final week.
The event comes as Nigeria’s overseas reserves stood at $44.61 billion as of November twenty seventh, 2025.
