Exchange rate today, October 30, 2026: Naira appreciates against USD as foreign reserves slip

The naira extended its appreciation against the United States dollar connected Friday, ending the week connected a affirmative enactment astatine the authoritative overseas speech market, adjacent arsenic the country's overseas reserves declined for the 2nd consecutive day.

Central Bank of Nigeria, CBN, information showed that the naira strengthened somewhat to N1,346.26 against the dollar connected Friday, up from N1,346.91 recorded connected Thursday.

This means that, connected a day-to-day basis, the naira appreciated by N0.65 against the dollar astatine the authoritative overseas speech market.

Meanwhile, astatine the parallel market, the naira remained level astatine N1,390 per dollar connected Friday, the aforesaid complaint recorded connected Thursday.

DAILY POST reports that the naira has gained importantly against the dollar implicit the past 5 trading days, recovering from losses recorded past week.

This comes arsenic the country's overseas reserves declined for the 2nd consecutive time to $55.24 billion, according to CBN information arsenic of October 29, 2026.

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