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Naira Exchange Rate Today, September 24, 2026: Naira Extends Depreciation Against USD

CBN data showed the currency fell 17 kobo at the official market while the black market stayed at N1,385 per dollar, with reserves at $54.83 billion.

  • On Thursday, the Naira depreciated to N1,328.67 per dollar at the official foreign exchange market, falling N0.17 from Wednesday's rate of N1,328.50.
  • The currency weakened to N1,328.50 per dollar on Wednesday from N1,327.78 on Tuesday, representing a N0.72 decline in the official market.
  • Meanwhile, the Naira remained flat at N1,385 per dollar at the black market on Thursday, holding steady from the previous day's valuation.
  • Nigeria's foreign reserves reached $54.83 billion as of September 23, 2026, according to Central Bank data, despite the currency's mixed performance.
  • The Naira continues to exhibit mixed sentiments across official and parallel exchanges, reflecting divergent trends as depreciation persists in the formal market.
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Daily Post Nigeria broke the news in Nigeria on Wednesday, September 23, 2026.
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