{"id":1451,"date":"2026-06-04T07:56:42","date_gmt":"2026-06-04T04:56:42","guid":{"rendered":"https:\/\/zalebs.com\/news\/naira-extends-gains-to-third-straight-session-as-dollar-rate-falls\/"},"modified":"2026-06-04T07:56:42","modified_gmt":"2026-06-04T04:56:42","slug":"naira-extends-gains-to-third-straight-session-as-dollar-rate-falls","status":"publish","type":"post","link":"https:\/\/zalebs.com\/news\/naira-extends-gains-to-third-straight-session-as-dollar-rate-falls\/","title":{"rendered":"Naira Extends Gains to Third Straight Session as Dollar Rate Falls"},"content":{"rendered":"<p>The naira strengthened versus the US dollar on Wednesday for a third straight session at Nigeria\u2019s official foreign-exchange window. Central Bank of Nigeria data showed the currency ended the day at N1,357.26 per dollar, compared with N1,361.05 on Tuesday.<\/p>\n<p>That translates to a daily gain of N3.79 against the dollar in the official market, extending the currency\u2019s recent improvement. Over the three-day stretch, the naira has moved higher by a total of N9.50 versus the greenback, according to the same reporting.<\/p>\n<h3>Quick facts<\/h3>\n<ul>\n<li>In the official FX market, the naira closed at N1,357.26 per dollar on Wednesday versus N1,361.05 on Tuesday.<\/li>\n<li>This represents a day-to-day appreciation of N3.79 against the US dollar.<\/li>\n<li>Over three consecutive days, the naira has gained N9.50 against the dollar in the official market.<\/li>\n<li>In the black market, the naira held steady at N1,395 per dollar on Wednesday, unchanged from the previous day.<\/li>\n<li>Foreign reserves rose to $49.88 billion on June 2, 2026 from $49.80 billion the prior day.<\/li>\n<\/ul>\n<p>In the parallel market, the currency did not move: the naira remained at N1,395 per dollar on Wednesday, the same level recorded a day earlier. The gap between the official rate and the black-market rate persisted, reflecting continued segmentation in demand and supply conditions.<\/p>\n<p>The firmness in the official window coincided with an increase in Nigeria\u2019s external reserves. The Central Bank reported that reserves climbed to $49.88 billion as of June 2, 2026, up from $49.80 billion on the previous day.<\/p>\n<p>The latest improvement follows gains recorded on Tuesday and Monday, keeping the naira\u2019s three-day appreciation streak intact at the official foreign-exchange market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The naira strengthened versus the US dollar on Wednesday for a third straight session at Nigeria\u2019s official foreign-exchange window. Central Bank of Nigeria data showed the currency ended the day at N1,357.26 per dollar, compared with N1,361.05 on Tuesday. That translates to a daily gain of N3.79 against the dollar in the official market, extending [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_title":"Naira Strengthens Again as Dollar Rate Falls in Nigeria","_yoast_wpseo_metadesc":"Naira extends its rally for a third straight session as the dollar rate slips at Nigeria\u2019s official FX window, gaining nearly N10 ","mma_seo_breadcrumb_text":"","mma_seo_breadcrumb_url":"","mma_seo_breadcrumb_hide_ui":"","mma_seo_breadcrumb_labels":[],"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1451","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Naira Strengthens Again as Dollar Rate Falls in 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