The Nigerian naira weakened against the US dollar at the official foreign exchange window on Friday, April 24, 2026, extending recent losses.
According to data released by the Central Bank of Nigeria (CBN), the local currency closed at ₦1,358.43 to one US dollar, compared to ₦1,353.90 the previous day. This represents a depreciation of ₦4.53 within 24 hours.
In the parallel market, the naira also came under pressure, shedding ₦5 to close at ₦1,400 per dollar, down from ₦1,395 on Thursday.
The currency showed mixed performance against other major currencies. It gained ₦5 against the British Pound, trading at ₦1,880 per pound, an improvement from ₦1,885 the day before.
The naira remained unchanged against the Canadian dollar, holding steady at ₦1,100 per Canadian dollar.
However, it weakened against the Euro, losing ₦10 to trade at ₦1,630 per euro, compared to ₦1,620 on Thursday.
The latest movements reflect continued volatility in Nigeria’s foreign exchange market amid ongoing demand pressures and liquidity conditions. The official window rate is closely watched as a benchmark for many corporate and official transactions in the country.
Analysts continue to monitor developments at both the official and parallel markets for signals on the naira’s overall stability in the coming weeks.
