Exchange rate today, November 4, 2026: Naira depreciates against USD as external reserves drop

Why This Matters

Key context: <img width="1280" 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 1280w, https://dailypost.ng/wp-content/uploads/2026/03/naira--300x169.jpg 300w, https://dailypost.ng/wp-content/uploads/2026/03/naira--1024x576.jpg 1024w" sizes="(max-width: 1280px) 100vw, 1280px" /><p>The Naira depreciated against the US dollar at the official foreign exchange market on Wednesday as the country&#39;s external reserves continued to decline. Data from the Central Bank of Nigeria, CBN, showed that the Naira weakened slightly to N1,347.79 per dollar on Wednesday, compared with N1,346.93 recorded on Tuesday. This means that, on a day-to-day [&#8230;]</p> <p><a href="https://dailypost.ng/2026/11/04/exchange-rate-today-november-4-2026-naira-depreciates-against-usd-as-external-reserves-drop/">Exchange rate today, November 4, 2026: Naira depreciates against USD as external reserves drop</a></p> This development from dailypost.ng highlights ongoing changes in the sector.