The Nigerian naira slipped slightly versus the US dollar on Thursday in the official foreign-exchange market, according to central bank figures. The local currency eased to 1,358.75 naira per dollar, compared with 1,357.26 naira per dollar recorded on Wednesday. On a day-to-day basis, that translates into a fall of 1.49 naira against the dollar.
This was the first decline for the naira in the current week. At the same time, trading conditions in the parallel market showed no movement: the naira held steady at 1,395 naira per dollar on Thursday, the same level as the previous day.
The currency’s official-market dip is unfolding alongside a continued rise in Nigeria’s foreign reserves. Reserves increased to 49.96 billion US dollars as of June 3, 2026, supporting the broader backdrop for liquidity and expectations around external funding.
