The naira recorded its first appreciation against the United States dollar this week at the official foreign exchange market.
Data from the Central Bank of Nigeria (CBN) showed that the naira strengthened slightly against the dollar on Wednesday, trading at N1,332.59, compared with N1,332.97 on Tuesday.
This means that the naira appreciated marginally by N0.38 against the dollar on a day-to-day basis, recording its first gain of the week after depreciating on Monday and Tuesday.
Meanwhile, at the parallel market, the naira remained flat at N1,375 per dollar on Wednesday, the same exchange rate recorded on Tuesday.
The mixed performance across the official and parallel foreign exchange markets came as the country’s external reserves stood at $55.10 billion, according to CBN data.
Recall that the naira depreciated against the dollar on Monday and Tuesday this week.
Dollar to Naira exchange rate Today, October 14, 2026: Naira records first appreciation against USD