The naira ended the second week with a notable depreciation against the United States dollar across both the official and parallel foreign exchange markets.

Data released on Friday by the Central Bank of Nigeria showed that the naira weakened further to N1,393.26 per dollar, compared with N1,387.45 recorded previously.

This represents a day-to-day decline of N5.81 and a week-on-week drop of N29.87 against the dollar. Over the past two weeks, the local currency has depreciated by N46.94 at the official market.

In the parallel market, commonly known as the black market, the naira also lost ground. The currency traded at N1,415 per dollar on Friday, down from about N1,370 per dollar on February 23, 2026, according to several Bureau de Change operators in Wuse Zone 4, Abuja.

The weakening of the naira across both markets comes despite recent interventions by the apex bank aimed at stabilising the foreign exchange market through dollar injections. The move was recently acknowledged by Bola Ahmed Tinubu.