Dollar to Naira exchange rate today, August 5, 2026: Nigerian naira records first depreciation against US dollar

The naira recorded its archetypal depreciation against the US dollar astatine the authoritative overseas speech marketplace connected Wednesday.

Data from the Central Bank of Nigeria (CBN) showed that the naira weakened to N1,363.85/$1 connected Wednesday from N1,362.55/$1 recorded connected Tuesday.

This means that, connected a day-to-day basis, the naira depreciated by N1.30 against the dollar, ending its two-day bullish run.

Meanwhile, astatine the parallel market, the naira appreciated by N1 to N1,424 per dollar connected Wednesday from N1,425 per dollar connected Tuesday.

The improvement comes arsenic the country’s overseas reserves remained unchanged astatine $51.95 cardinal arsenic of August 4, 2026.

Recall that connected Monday and Tuesday, the naira recorded gains astatine the authoritative overseas speech marketplace but remained unchanged astatine the parallel market.

Dollar to Naira speech complaint today, August 5, 2026: Nigerian naira records archetypal depreciation against US dollar

The naira recorded its archetypal depreciation against the US dollar astatine the authoritative overseas speech marketplace connected Wednesday.

Data from the Central Bank of Nigeria (CBN) showed that the naira weakened to N1,363.85/$1 connected Wednesday from N1,362.55/$1 recorded connected Tuesday.

This means that, connected a day-to-day basis, the...