Naira exchange rate today, May 20, 2026: Nigerian currency appreciates as CBN holds interest rate

The Naira eased against the dollar connected Wednesday astatine the authoritative overseas speech marketplace aft the Central Bank of Nigeria held the involvement complaint astatine 26.50 percent.

CBN’s information showed that the Naira strengthened somewhat to N1,373.34 per dollar connected Wednesday from N1,373.87 speech connected Tuesday.

This means that the Naira strengthened marginally by N0.5 against the dollar connected a day-to-day basis.

Meanwhile, astatine the achromatic market, the Naira remained unchanged astatine N1400 per dollar connected Wednesday, the aforesaid speech complaint recorded the erstwhile day.

The improvement comes arsenic the CBN monetary argumentation committee connected Wednesday holds the country’s involvement complaint astatine 26.50 percent.

DAILY POST reports that the country’s overseas reserves person continued to emergence since May 8th, 2026, lasting astatine $48.72 cardinal arsenic of May 19th, according to the apex slope data.

Recall that successful the past 2 days, the Naira had depreciated against the dollar astatine the authoritative overseas speech market.

Naira speech r...