The naira on Wednesday depreciated slightly to a 10-day low of N1,443.08 per dollar, extending its losing streak for the third consecutive trading day in the official foreign exchange (FX) market as demand for the greenback increased slightly.
The last time the naira traded below this level was on October 29, 2025, when it closed at N1,444.42 per dollar at the Nigerian Foreign Exchange Market (NFEM).
According to data published by the Central Bank of Nigeria (CBN), the local currency weakened by N4.37, or 0.3 per cent, as the dollar was quoted at N1,443.08 on Wednesday compared with N1,438.71 on Tuesday. Despite the mild depreciation, analysts noted that the market remains relatively stable, supported by sustained liquidity and improved foreign exchange inflows.