Naira loses N27.12 against US dollar in two days despite $55.16bn external reserves

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 recorded a significant loss of N27.12 against the United States dollar in two days at the official foreign exchange market. Central Bank of Nigeria, CBN, data for Thursday and Friday showed that the naira depreciated to N1,361.84 per dollar on Friday from N1,334.72 traded on Wednesday. This means that the naira shed N27.12 [&#8230;]</p> <p><a href="https://dailypost.ng/2026/10/25/naira-loses-n27-12-against-us-dollar-in-two-days-despite-55-16bn-external-reserves/">Naira loses N27.12 against US dollar in two days despite $55.16bn external reserves</a></p> This development from dailypost.ng highlights ongoing changes in the sector.