The Naira has continued depreciation against the United States dollar at the official foreign exchange market to begin with on a bearish note.

The Central Bank of Nigeria’s data showed that the Naira further weakened on Monday to N1,448.03 per dollar, down from N1,442.43 was exchanged on Friday last week.

This means that the Naira recorded a significant N5.6 drop on Monday when compared to the closing rate on Friday.

Meanwhile, at the black market, the naira remained flat at N1,465 per dollar, the same rate at the close of work last week.

The development comes despite the country’s seventh consecutive drop in inflation rate to 16.05 per cent in October, down from 18.02 recorded in the previous month.

DAILY POST reports that Nigeria’s external reserves rose to $43.64 billion as of 14th November, 2025.