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The naira recorded depreciations against the United States dollar at the official foreign exchange market on Thursday.
Data from the Central Bank of Nigeria showed that the naira further weakened to N1,447.83 against the dollar on Thursday, down from N1,447.65 traded on Wednesday.
This represents a slight dip of N0.18 on a day-to-day basis.
Meanwhile, the naira remained unchanged at N1,475 per dollar on Thursday in the parallel market, the same rate recorded on Wednesday.
The Eastern Updates recalls the country returned to depreciation against the dollar on Wednesday after gaining on Tuesday.
This comes despite the continued rise in Nigeria’s foreign reserves, which stood at $44.97 billion as of November 3, 2025.
In other news, The Federal Executive Council (FEC) on Wednesday approved the deployment of 4,000 telecom towers nationwide to expand digital access in underserved communities.
Briefing State House Correspondents after the meeting presided over by President Bola Tinubu, the Minister of Information and National Orientation, Muhammed Idris, said the approval followed a joint memo.
He said, “There is also an approval by the FEC granted to the Ministry of Digital Communications and the Ministry of Finance to establish service centers for agricultural mechanization and the digital economy on the deployment of towers to places that are currently underserved.”
