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Verilumia

The Daily Verified Briefing

Markets

Naira slides to 1,365.53 per dollar as FX market hits $4.4bn

Published 28 July 2026

The Nigerian naira extended its decline against the U.S. dollar in the official foreign exchange market on Tuesday, July 28, 2026, even as new data revealed a record surge in overall market activity. The currency weakened to 1,365.53 naira per dollar, a depreciation from the 1,362.21 rate recorded the previous day.

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