Naira gains against dollar officially, weakens at black market

The Naira appreciated importantly against the dollar connected a week-on-week ground astatine the adjacent of trading connected Friday.

Central Bank of Nigeria, CBN, information showed that the Naira exchanged astatine N1,346.26 per dollar connected Friday, strengthening from N1,361.84 recorded connected October 23, 2026.

This means that the Nigerian currency appreciated by N15.58 against the dollar connected a week-on-week basis.

Meanwhile, astatine the parallel market, the Naira weakened by N15 against the dollar connected a week-on-week basis, closing astatine N1,390 per dollar connected Friday.

The mixed sentiments crossed the overseas speech markets travel amid a $20 cardinal diminution successful the country's overseas reserves implicit 2 days, contempt a $60 cardinal play gain.

https://dailypost.ng/2026/11/01/nigerias-foreign-reserves-drop-by-20m-in-two-days/

DAILY POST reports that the Naira appreciated astatine the authoritative overseas speech marketplace connected Friday but weakened astatine the achromatic market.

https://dailypost.ng/2026/10/30/exchange-rate-today-october-30-2026-naira-appreciates-against-usd-as-foreign-reserves-slip/

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