Dollar to Naira exchange rate today, May 11, 2026: Nigerian currency sustains significant depreciation

Dollar to Naira speech complaint today, May 11, 2026: Nigerian currency sustains important depreciation

The Naira depreciated importantly against the dollar astatine the authoritative overseas speech marketplace connected Monday, resuming the week connected a antagonistic note.

The Central Bank of Nigeria’s information showed that the Naira weakened to N1,373.16 connected Monday, down from N1,361.39 traded past Friday.

This means that the section currency dropped by N11.77 against the dollar erstwhile compared to the N1,361.39 exchanged astatine the extremity of trading past week.

Meanwhile, astatine the achromatic market, the Naira remained astatine N1,395 per dollar, the aforesaid complaint recorded connected Friday.

The improvement comes contempt a emergence successful the country’s outer reserves to $48.36 cardinal connected May 8, 2026, up from $48.33 cardinal recorded the erstwhile day, according to apex slope data.

Recall that the Naira connected Friday dipped against the dollar to extremity the week connected a negative enactment astatine the authoritative overseas speech market.

Dollar to Naira speech rate today, May 11, 2026: Nigerian currency sustains important depreciation