Nigeria's currency weakened further against the dollar on Tuesday at the official market. The naira fell to N1,373.87 per dollar from N1,373.70 the previous day.
That represents a daily loss of 17 kobo. Trading data from the Central Bank showed the modest decline.
At the parallel market, things looked different. The naira stayed flat at N1,400 per dollar.
The currency's slide comes even as foreign reserves climbed. Data showed reserves hit $48.68 billion as of May 18, 2026.
All eyes now turn to the Central Bank's monetary policy announcement. Nigeria's apex bank meets on Wednesday for its 305th gathering.
Markets have been waiting for fresh interest rate guidance. Investors expect the decision could shape currency movements going forward.
