Exchange rate today, November 3, 2026: Naira appreciates against USD

The naira appreciated against the United States dollar astatine the authoritative overseas speech marketplace connected Tuesday aft starting the period connected a antagonistic note.

Central Bank of Nigeria, CBN, information showed that the naira strengthened to N1,346.93 per dollar connected Tuesday from N1,347.94 recorded connected Monday.

This means that the naira appreciated by N1.01 against the dollar connected a day-to-day basis.

Meanwhile, astatine the parallel market, the naira remained level astatine N1,390 per dollar connected Tuesday, the aforesaid complaint recorded the erstwhile day.

This comes arsenic the country's outer reserves dropped to $55.16 cardinal connected November 2, 2026, from $55.22 cardinal recorded connected October 30, according to information from the apex bank.

Recall that the naira had depreciated against the dollar astatine the authoritative overseas speech marketplace to statesman November 2026 connected a antagonistic note.

https://dailypost.ng/2026/11/02/exchange-rate-naira-depreciates-begins-november-on-negative-note/