{"id":361322,"date":"2025-12-21T05:59:16","date_gmt":"2025-12-21T05:59:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/361322\/"},"modified":"2025-12-21T05:59:16","modified_gmt":"2025-12-21T05:59:16","slug":"naira-records-highest-depreciation-against-us-dollar-as-foreign-reserves-decline","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/361322\/","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":361323,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,926,101,19964],"class_list":{"0":"post-361322","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-dollar","10":"tag-economy","11":"tag-naira"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/361322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=361322"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/361322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/361323"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=361322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=361322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=361322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}