Categories: Business

Naira records two-week depreciation against dollar at official market

The naira further depreciated at the official market on Friday, March 6, 2026, trading at N1,393.25 against the United States dollar.

Data released by the Central Bank of Nigeria (CBN) showed that the naira lost N5.80.

This represents a 0.4 per cent loss when compared to Thursday, when the local currency traded at N1387.44 to the dollar.

Banking sector recapitalisation on track as deadline nears — CBN

The currency which has experienced weeklong depreciation also suffered a free fall the previous week. On Monday, March 2, the local currency traded at N1,378.02 per dollar.

On Tuesday, the local currency traded at N1,384.29, while it traded at N1,387.09 on Wednesday.

The Star

Segun Ojo

Recent Posts

Kano Assembly confirms Garo as deputy governor

The Kano State House of Assembly has confirmed Murtala Garo as the new deputy governor…

30 minutes ago

‘He understands governance’: Sanwo-Olu endorses Hamzat as successor

Lagos State Governor Babajide Sanwo-Olu on Monday endorsed his deputy, Dr Obafemi Hamzat, as his…

32 minutes ago

Judge orders journalists out of courtroom in alleged coup trail

Justice Joyce Abdulmalik of the Federal High Court in Abuja has barred journalists from attending…

52 minutes ago

Alleged coup plot: Court orders accelerated trial for six defendants

Justice Joyce Abdulmalik of the Federal High Court in Abuja has approved an expedited hearing…

58 minutes ago

Latest developments in Middle East war

Here are the latest developments in the Middle East war on Monday, April 27, 2026:…

2 hours ago

Gov Yusuf disowns ‘underwear empowerment’ claim, condemns incident

Governor Abba Yusuf has denied any involvement in the controversial display of red underwear by…

2 hours ago

This website uses cookies.