- The naira’s official rate fell to ₦1,361.84 per dollar on Friday, 23 October 2026, its weakest level since 11 August, CBN data show.
- The official rate lost ₦27.12, about 2%, over Thursday and Friday, its largest two-day fall since 24 March 2026, a GistMatrix analysis of CBN figures found.
- The closing rate jumped ₦28 to ₦1,365 on Thursday, 22 October, its biggest one-day rise since 3 April 2025, and closed at ₦1,370 on Friday.
Naira falls to ₦1,361.84 per dollar, its weakest official rate since August
The official rate fell about 2% in two days, its biggest two-day drop since March, CBN data show. Here is how far it has moved and what it means for you.
The naira weakened for a third day running on Friday, 23 October 2026, with its official rate falling to ₦1,361.84 per dollar, its weakest level since 11 August, according to Central Bank of Nigeria (CBN) data. The official rate, known as the Nigerian Foreign Exchange Market (NFEM) rate, was ₦1,344.40 on Thursday and ₦1,334.72 on Wednesday. Over those two days…