Naira Extends Losing Streak, Closes at ₦1,331.28 per Dollar

The naira weakened for a third consecutive session at Nigeria’s official foreign exchange market, closing at ₦1,331.28 to the dollar on Thursday, September 17, 2026. Central Bank data showed the currency lost ₦1.42 from Wednesday’s closing rate of ₦1,329.86 per dollar. The parallel-market rate also moved from ₦1,390 to ₦1,392 per dollar. Nigeria’s foreign reserves stood at $54.67 billion as of September 16. Traders and businesses are monitoring the currency’s continued decline and its possible effect on import costs and prices.

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