After starting the week on a sour note, the naira saw an increase versus the dollar on Tuesday in the official foreign currency market.
According to data from the Central Bank of Nigeria, the value of the naira increased from N1,331.33 on Monday to N1,330.47 on Tuesday.
This indicates that on a daily basis, the Nigerian currency strengthened by N0.86 at the official foreign exchange market.
On Tuesday, the naira stayed unchanged at N1,375 per dollar on the black market, where it was traded on Monday.
As the nation’s foreign reserves increased to $54.91 billion as of September 28, 2026, there were conflicting opinions on both the official and unofficial foreign exchange markets.
Remember that the naira started the week on a negative note after weakening versus the dollar on Monday.