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The Naira recorded a depreciation against the United States Dollar astatine the authoritative overseas speech marketplace connected Tuesday, reversing Monday’s gain.
The Central Bank of Nigeria information showed that the Naira dipped to N1,364.89 against the dollar connected Tuesday, down from N1,360.15 exchanged connected Monday.
This means that, connected a day-to-day basis, the Nigerian currency slipped by N4.75 per dollar.
Meanwhile, astatine the achromatic marketplace connected Tuesday, the Naira appreciated somewhat by N1 to N1,429 per dollar, up from N1,430 traded connected Monday.
The improvement comes arsenic the country’s overseas reserves roseate further to $52.14 cardinal arsenic of August 10, 2026.
Recall that connected Monday, the Naira appreciated against the dollar astatine the authoritative overseas speech marketplace but remained level connected the parallel overseas speech market.
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