Dollar to Naira exchange rate today, September 16, 2026: Naira extends depreciation against USD

The naira extended its depreciation against the United States dollar astatine the authoritative overseas speech marketplace connected Wednesday.

Central Bank of Nigeria, CBN, overseas speech information showed that the Nigerian naira weakened further to N1,329.86 per dollar connected Wednesday, from N1,329.15 connected Tuesday.

This means that, connected a day-to-day basis, the naira declined somewhat by N0.71 against the dollar astatine the authoritative FX market.

Meanwhile, astatine the achromatic market, the naira remained level astatine N1,390 per dollar, the aforesaid complaint recorded since Monday.

The improvement comes arsenic the country’s outer reserves stood astatine $54.61 cardinal arsenic of September 14, 2026, according to information from the apex bank.

DAILY POST reports that the naira declined against the USD for the archetypal clip connected Tuesday. 

The depreciation of the Nigerian naira comes arsenic the US Federal Reserve raised involvement rates by 25 ground points for the archetypal clip since 2023.

Dollar to Naira speech complaint today, September 16, 2026: Naira extends depreciation against USD