The naira strengthened versus the US dollar again on Tuesday at Nigeria’s official foreign-exchange window, according to data from the central bank. The latest move adds to a brief run of gains that started at the beginning of the week, while the parallel market rate remained unchanged.
Naira performance across official and parallel markets
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At the official foreign exchange market on Tuesday, the naira traded at N1,360.55 per dollar, compared with N1,362.84 recorded on Monday.
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On a day-to-day basis, that represents an improvement of N2.29 for the naira against the dollar at the official window.
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In the black market, the naira was quoted at N1,395 per dollar on Tuesday, matching the level seen on Monday.
Reserves rise to support the currency
The move comes alongside a reported jump in Nigeria’s external reserves. The Central Bank of Nigeria’s figures show reserves climbed to $50.27 billion as of Monday, June 8, 2026.
Monday had already marked a positive turn for the currency: the naira appreciated against the dollar at the official foreign-exchange market to start the week on a stronger footing.
