Dollar to Naira exchange rate Today, March 31, 2026: Local currency continues depreciation

The Naira continued depreciating against the United States Dollar astatine the authoritative overseas speech marketplace connected Tuesday, 31 March 2026, arsenic the Central Bank of Nigeria’s recapitalization deadline ended.

Apex slope information showed that the section currency dropped further connected Tuesday to N1,386.72, down from N1,383.58 recorded the erstwhile day.

This means that connected a day-to-day basis, the Naira depreciated by N3.13 against the dollar.

Similarly, successful the achromatic market, the Naira dropped by N5 to N1,420 per dollar connected Tuesday compared to N1,415 traded connected Monday.

This comes arsenic the country’s outer reserves dropped further connected March 30, 2026, to $49.29 cardinal from $49.44 cardinal recorded connected the 27th.

DAILY POST reports that the Naira’s downtrend comes arsenic the CBN’s banks’ recapitalization deadline ended, with 32 banks reported by the CBN to person met the superior requirement.

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