Dollar to Naira exchange rate Today, April 16, 2026: Nigerian currency extends gain

The Naira connected Thursday extended its summation against the dollar astatine the authoritative overseas speech market.

The Central Bank of Nigeria’s information showed that the Naira further strengthened to N1,342.30 per dollar connected Thursday, up from N1,343.74 traded connected Wednesday.

This means that the section currency recorded a flimsy N1.4 appreciation against the dollar.

From Monday to Thursday this week, the naira has gained N13.88 against the dollar astatine the authoritative overseas speech market.

Meanwhile, astatine the achromatic market, the Naira stood astatine N1,410 per dollar connected Thursday, the aforesaid complaint arsenic traded the erstwhile day.

The improvement comes amid the continued diminution successful the country’s outer reserves, which dropped to $48.69 cardinal arsenic of 14th April, 2026, according to the apex slope data.

Dollar to Naira speech complaint Today, April 16, 2026: Nigerian currency extends gain