Exchange rate: Naira depreciates, begins November on negative note

Why This Matters

Key context: <img width="1200" height="720" src="https://dailypost.ng/wp-content/uploads/2026/03/NAIRA.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" srcset="https://dailypost.ng/wp-content/uploads/2026/03/NAIRA.jpg 1200w, https://dailypost.ng/wp-content/uploads/2026/03/NAIRA-300x180.jpg 300w, https://dailypost.ng/wp-content/uploads/2026/03/NAIRA-400x240.jpg 400w, https://dailypost.ng/wp-content/uploads/2026/03/NAIRA-590x354.jpg 590w, https://dailypost.ng/wp-content/uploads/2026/03/NAIRA-1000x600.jpg 1000w, https://dailypost.ng/wp-content/uploads/2026/03/NAIRA-1000x600.jpg 1000w, https://dailypost.ng/wp-content/uploads/2026/03/NAIRA-1024x614.jpg 1024w" sizes="(max-width: 1200px) 100vw, 1200px" /><p>The naira depreciated against the dollar at the official foreign exchange market on Monday, beginning November and the new trading week on a negative note. Data from the Central Bank of Nigeria, CBN, showed that the naira weakened to N1,347.94 per dollar on Monday from N1,346.26 recorded on Friday. This means that the naira depreciated [&#8230;]</p> <p><a href="https://dailypost.ng/2026/11/02/exchange-rate-naira-depreciates-begins-november-on-negative-note/">Exchange rate: Naira depreciates, begins November on negative note</a></p> This development from dailypost.ng highlights ongoing changes in the sector.