The Nigerian naira slid slightly versus the US dollar at the official foreign-exchange market on Tuesday, according to central bank figures, while the parallel-market rate held steady. The move underscores the tight conditions facing Nigeria’s FX market as traders weigh day-to-day currency demand against the country’s reserve position.
Naira FX rates and reserves update
At Nigeria’s official foreign exchange window, the naira weakened to ₦1,366.56 per dollar on Tuesday, down from ₦1,365.25 exchanged on Monday.
That official-market change equated to a ₦1.3 decline on a day-to-day basis against the dollar.
On the black market, the naira rate was reported unchanged at ₦1,395 per dollar on Tuesday, matching the level seen on the previous day.
In terms of external buffers, central bank data showed Nigeria’s external reserves were at $48.36 billion as of April 30, 2026.
Looking back at the start of the week, the naira had opened Monday with a modest improvement of more than ₦9 versus the dollar.
Zibuyile began her media journey as a sales intern at Mediamark (Kagiso Media) before moving into digital content creation for ZAlebs.com. Over four years, she helped evolve the platform from a simple blog into one of South Africa’s leading independent entertainment news sites.
Following ZAlebs’ transition to Celebrity Worx in 2016, Zibuyile was promoted to Executive Editor, recognized for her sharp audience insight and ability to match editorial with branded content. Highlights of her time include a Bookmark Award nomination, judging TLC’s Next Great Presenter, reporting from the MTV EMAs, and building partnerships with radio stations like YFM, Cliff Central, and Good Hope FM.
Her editorial work also expanded to include fast-growing digital verticals—such as lifestyle tech, online entertainment, and gambling-related content—tailored to evolving reader interests and brand opportunities.
