MONEYBusiness & Finance
Naira slips N27.12 in two days despite $55bn reserves
Updated 17:19 WAT, · first published 25 Oct 2026, 18:18 WAT · 2 outlets reporting
The naira fell by N27.12 to N1,361.84 on the official market, while the parallel rate rose to N1,375, over a two‑day period. This decline came even though the Central Bank’s external reserves stand at $55.16 billion. Analysts warn the slide could raise costs for Nigerians across the board.
What we know
- Naira fell to N1,361.84 official rate
- Parallel rate reached N1,375
- Drop of N27.12 in two days
- External reserves at $55.16 bn
Why it matters: A weaker naira affects import prices and everyday living costs for Nigerians
Sources
- Naira falls N27.12 in two days despite $55.16bn external reserves – P.M. News,
- How the naira lost N27 in two days despite huge reserves – Legit.ng,
Updates
- – Summary updated with new reporting
- – Story published – 2 outlets
This page groups reports from the outlets above; headlines belong to their publishers. Summary written by our automated desk from multiple reports. How we work.
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