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The Nigerian naira fell to 1,405.62 per dollar on March 10, 2026, amid strong dollar demand and regional tensions.
The Nigerian naira weakened to 1,405.62 per dollar at the official market on March 10, 2026, a 0.9% drop from the previous Friday, despite rising foreign exchange inflows and external reserves reaching $49.93 billion.
The gap between official and parallel market rates narrowed to N15, signaling potential convergence.
Analysts cite persistent dollar demand and regional geopolitical tensions as key pressures, though sustained oil revenues and central bank interventions have supported market stability.
The currency has lost about N88 in value over three weeks, with the official rate down 2.14% weekly.
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La naira nigeriana cayó a 1,405.62 por dólar el 10 de marzo de 2026, en medio de la fuerte demanda de dólares y las tensiones regionales.