Naira exchange rate today, May 7, 2026: Nigerian currency extends appreciation

The naira extended its appreciation against the dollar astatine the authoritative overseas speech marketplace connected Thursday.

Data from the Central Bank of Nigeria showed that the naira firmed further to N1,355.85 against the dollar connected Thursday, from N1,357.34 exchanged connected Wednesday.

This means that, connected a day-to-day basis, the naira somewhat gained N1.5 against the dollar.

Similarly, astatine the achromatic market, the naira strengthened by N3 to N1,393 per dollar connected Thursday, up from N1,395 connected Wednesday.

Meanwhile, the country’s outer reserves continued their declining tally arsenic they dropped further to $48.32 cardinal connected May 6, 2026, down from $48.33 cardinal recorded the erstwhile day, according to apex slope data.

Recall that connected Wednesday, the naira appreciated importantly against the dollar astatine the authoritative marketplace but remained level astatine the achromatic market.

Naira speech complaint today, May 7, 2026: Nigerian currency extends appreciation