4 days ago
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The naira appreciated slightly against the US dollar at the official foreign exchange market on Tuesday, recovering marginally after starting the week on a negative note.
Data from the Central Bank of Nigeria, CBN showed that the naira strengthened marginally to N1,333.65 per dollar on Tuesday, compared with N1,333.72 recorded on Monday.
This means the naira gained N0.07 against the dollar on a day-to-day basis at the official foreign exchange market.
Meanwhile, at the parallel market, popularly known as the black market, the naira remained stable at N1,375 per dollar on Tuesday, the same rate recorded on Monday.
This comes as the country's external reserves rose to $55.12 billion, according to CBN data released on Monday.
Recall that the naira depreciated against the dollar at both the official and parallel markets on Monday, beginning the week on a negative note.
Dollar-to-Naira exchange rate Today, October 20, 2026: Naira appreciates against USD
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