Bigger reserves, weaker naira, CBN research points to Nigeria’s deficit problem

On 5 November 2026, the naira closed at N1,350.45 per dollar on the Nigerian foreign exchange market. That is N4.44 weaker than the N1,346.01 close on 2 November, according to Central Bank of Nigeria data reported by Nairametrics. Interbank turnover that day was about $82 million, down from about $101 million the session before. A […] The post Bigger reserves…