Nigeria’s naira slipped marginally against the US dollar in the official foreign-exchange window on Wednesday, while the parallel-market rate held steady.
Central Bank of Nigeria data showed the currency closing at N1,334.72 per dollar, compared with N1,333.65 on Tuesday. The movement represented a day-on-day loss of N1.07 for the naira in the official market.
In the parallel market, the exchange rate was unchanged at N1,375 to the dollar, matching the level quoted a day earlier.
The currency movement came as Nigeria’s external reserves continued to increase, reaching $55.13 billion as of October 20, 2026, based on central bank figures.
The naira had recorded a slight gain against the dollar in the official foreign-exchange market on Tuesday.
