Naira weakens despite CBN intervention and rising reserves

By Boluwatife Oshadiya | October 12, 2026 Key Points Main Story The naira weakened against the U.S. dollar at the official foreign exchange market despite Central Bank of Nigeria intervention and rising external reserves, as demand pressures continued to weigh on the local currency. The naira depreciated by 0.40% week on week to close at … Continue reading Naira weakens despite CBN intervention and rising reserves