Exchange rate today, November 12, 2026: Naira records first appreciation against dollar at official market

The naira recorded its archetypal appreciation against the dollar astatine the authoritative overseas speech marketplace connected Thursday, marking its archetypal summation this week.

Data from the Central Bank of Nigeria, CBN, showed that the naira strengthened to N1,355.88 per dollar connected Thursday, compared with N1,358.34 traded the erstwhile day.

This means that the naira appreciated by N2.46 against the dollar astatine the authoritative overseas speech market.

Meanwhile, the naira extended its depreciation against the dollar astatine the parallel market, losing N15 to adjacent Thursday's trading astatine N1,435 per dollar, compared with N1,420 recorded the erstwhile day.

DAILY POST reports that betwixt Friday past week and Wednesday, the naira depreciated by N11.54 and N20 astatine the authoritative and parallel overseas speech markets, respectively.

This comes arsenic the country's outer reserves recorded a sustained diminution implicit the past 3 days, falling...