Naira Tumbles to N1,365/$, Records Sharpest Daily Drop in 18 Months

The Nigerian Naira experienced a significant depreciation against the US dollar on October 22, 2026, closing at N1,365/$ in the official Investors’ and Exporters’ (I&E) foreign exchange window. This decline represents a notable N28 drop from its previous closing rate, marking the sharpest single-day depreciation recorded in the last 18 months.