Naira loses N27.12 against the US dollar in two days despite $55.16bn in external reserves

The naira fell from N1,334.72 to N1,361.84 per dollar on the official market between Wednesday and Friday, a loss of N27.12, or 2.03%. It depreciated by N28.12 over the week. On the parallel market, it weakened by N5 to N1,375 per dollar, according to Bureau de Change operators. The decline came as Nigeria’s external reserves stood at $55.16 billion on 22 October 2026, according to the Central Bank of Nigeria.