The Nigerian naira lost value against the United States dollar at the official foreign exchange market during the week ending July 10, 2026, despite an increase in the country’s foreign reserves.
According to data from the Central Bank of Nigeria (CBN), the naira closed at N1,381.70 per dollar on Friday, July 10, compared to N1,370 per dollar on July 3. This means the currency weakened by N11.70 or 0.85 percent within one week.
The naira came under pressure throughout the week, recording losses on four out of five trading days and ending the week at its weakest level.
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On Monday, July 6, the currency slipped slightly to N1,371 per dollar from N1,370 per dollar recorded the previous Friday.
The decline continued on Tuesday when the exchange rate dropped to N1,379 per dollar, representing an N8 loss.
On Wednesday, the naira remained unchanged at N1,379 per dollar, although it traded
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