{"id":197172,"date":"2026-03-19T23:19:46","date_gmt":"2026-03-19T22:19:46","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-depreciates-against-dollar-after-eight-day-rally"},"modified":"2026-03-20T00:21:50","modified_gmt":"2026-03-19T23:21:50","slug":"naira-depreciates-against-dollar-after-eight-day-rally","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-after-eight-day-rally","title":{"rendered":"Naira Depreciates Against Dollar After Eight-Day Rally"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Nigerian Naira on Wednesday recorded its first depreciation against the dollar at the official foreign exchange market after eight days of rally.<\/p>\n<p>Data from the Central Bank of Nigeria showed that the Naira dropped to N1,353.90 per dollar on Wednesday from N1,344.4158.<\/p>\n<p>This means that the local currency weakened by N9.48 against the dollar on a day-to-day basis.<\/p>\n<p>Meanwhile, at the black market, the Naira appreciated by N10 to N1,420 per dollar on Wednesday from N1,430 traded the previous day.<\/p>\n<p>The Naira, in its rally since March 9, gained N51.72 against the dollar.<\/p>\n<p>The development comes as the country\u2019s external reserves stood at $49.83 billion as of March 17, 2026, slightly below the $50 billion mark, according to the apex bank.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Nigerian Naira on Wednesday recorded its first depreciation against the dollar at the official foreign exchange market after eight days of rally. Data from the Central Bank of Nigeria showed that the Naira dropped to N1,353.90 per dollar on Wednesday from N1,344.4158. This means that the local currency weakened by N9.48 [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":197171,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29,28,2660],"tags":[254],"class_list":["post-197172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-to-homepage","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Naira Depreciates Against Dollar After Eight-Day Rally - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigerian Naira on Wednesday recorded its first depreciation against the dollar at the official foreign exchange mark ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-after-eight-day-rally\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira Depreciates Against Dollar After Eight-Day Rally\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Naira on Wednesday recorded its first depreciation against the dollar at the official foreign exchange mark ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-after-eight-day-rally\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-19T22:19:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-19T23:21:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/03\/sm_1773962483.58011.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-after-eight-day-rally#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-after-eight-day-rally\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira Depreciates Against Dollar After Eight-Day Rally\",\"datePublished\":\"2026-03-19T22:19:46+00:00\",\"dateModified\":\"2026-03-19T23:21:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-after-eight-day-rally\"},\"wordCount\":137,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-after-eight-day-rally#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/03\/sm_1773962483.58011.jpg\",\"keywords\":[\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"homepage-english\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-after-eight-day-rally#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-after-eight-day-rally\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-depreciates-against-dollar-after-eight-day-rally\",\"name\":\"Naira Depreciates Against Dollar After Eight-Day Rally - 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