The naira extended its appreciation against the dollar at the official foreign exchange market on Thursday.
Central Bank of Nigeria data showed that the naira firmed further to N1,357.65 against the dollar on Thursday, from N1,360.58 recorded on Wednesday.
This means that, on a day-to-day basis, the Nigerian currency gained N2.93 against the United States currency.
Similarly, at the black market, the naira appreciated by N5 to N1,425 per dollar on Thursday, up from N1,430 traded the previous day.
This comes as the country’s foreign reserves surged further on Wednesday to $52.19 billion, according to the apex bank’s data.
Recall that the naira ended Wednesday’s trading with a N4.31 gain against the dollar at the official foreign exchange market.
BREAKING: More Nigerian filling stations reduce fuel pump prices
NNPC: I’ve accepted assets, liability, refinery will work – Tinubu assures
Reject political pressure to overturn revocation of Nigeria Re-Insurance, NICON licences – Kari to Oyedele
St Kitts and Nevis introduces mandatory biometrics for all citizens
NGX Investors lose massive N2.93tn in two trading sessions
SEC fixes timeline for T+1 settlement deadline in Nigeria’s capital market
Dollar to Naira exchange rate today, August 12, 2026: Nigerian Naira bounces back, appreciates against US currency
CBN announces removal of restrictions on Discount Window access for FX, OMO
Tinubu signs tax remission presidential order for Nigeria’s deep offshore oil projects
