{"id":326275,"date":"2025-12-20T10:17:08","date_gmt":"2025-12-20T10:17:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/326275\/"},"modified":"2025-12-20T10:17:08","modified_gmt":"2025-12-20T10:17:08","slug":"naira-records-highest-depreciation-against-us-dollar-as-foreign-reserves-decline","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/326275\/","title":{"rendered":"Naira records highest depreciation against US dollar as foreign reserves decline"},"content":{"rendered":"<p>The Naira on Friday recorded the highest depreciation against the United States Dollar this week at the official foreign exchange amid a drop in Nigeria\u2019s external reserves.<\/p>\n<p>The Central Bank of Nigeria\u2019s data on Friday showed that the naira significantly dropped to N1,464.4974 per dollar, down from N1,457.8402, extending its downward trend for the week.<\/p>\n<p>On a day-to-day basis, the Naira declined by N6.6498 per dollar, the highest dip since December 4, 2025.<\/p>\n<p>Overall, the currency shed N12.67 against the dollar during the week under review at the official market, representing its weakest performance in several months.<\/p>\n<p>Similarly, the Naira weakened at the black market to close at N1500 per dollar on Friday, down by N15 when compared with last week when it stood at N1490.<\/p>\n<p>The downward slide of the Naira at official and black market foreign exchange markets comes as the country\u2019s external reserves decline by $0.20 billion, or 0.57 percent, to $45.21 billion as of December 17, 2025, down from $45.47 billion recorded on December 12.<\/p>\n","protected":false},"excerpt":{"rendered":"The Naira on Friday recorded the highest depreciation against the United States Dollar this week at the official&hellip;\n","protected":false},"author":2,"featured_media":326276,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,9717,1294,5016,56,54,55],"class_list":["post-326275","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-dollar","tag-economy","tag-naira","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/326275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=326275"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/326275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/326276"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=326275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=326275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=326275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}