{"id":382,"date":"2026-05-18T19:30:41","date_gmt":"2026-05-18T16:30:41","guid":{"rendered":"https:\/\/zalebs.com\/news\/naira-slides-further-as-dollar-rate-hits-n1375-62-at-nigerias-fx-market\/"},"modified":"2026-05-18T19:30:41","modified_gmt":"2026-05-18T16:30:41","slug":"naira-slides-further-as-dollar-rate-hits-n1375-62-at-nigerias-fx-market","status":"publish","type":"post","link":"https:\/\/zalebs.com\/news\/naira-slides-further-as-dollar-rate-hits-n1375-62-at-nigerias-fx-market\/","title":{"rendered":"Naira Slides Further as Dollar Rate Hits N1,375.62 at Nigeria\u2019s FX Market"},"content":{"rendered":"<p>The naira kept sliding against the US dollar on Tuesday, extending a depreciation trend at Nigeria\u2019s main official foreign-exchange window even as recent data pointed to a rise in the country\u2019s foreign reserves.<\/p>\n<h2>Naira exchange rates on May 12, 2026<\/h2>\n<ol>\n<li>At the official foreign exchange market, the Central Bank of Nigeria data showed the naira weakened to <strong>N1,375.62 per dollar<\/strong> on Tuesday.<\/li>\n<li>That compares with <strong>N1,373.16 per dollar<\/strong> recorded on Monday, reflecting a day-over-day decline of <strong>N2.46<\/strong> for the naira.<\/li>\n<li>In the parallel (\u201cblack\u201d) market, the naira was <strong>unchanged at N1,395 per dollar<\/strong>, the same level as on Monday.<\/li>\n<\/ol>\n<p>The renewed drift at the official window comes despite foreign reserves climbing to <strong>$48.45 billion<\/strong> as of <strong>May 11, 2026<\/strong>, based on data released by the central bank.<\/p>\n<p>Earlier, the naira had already fallen on Monday, dropping by <strong>N11.77 per dollar<\/strong>, underscoring the pressure the currency has been facing in recent sessions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The naira kept sliding against the US dollar on Tuesday, extending a depreciation trend at Nigeria\u2019s main official foreign-exchange window even as recent data pointed to a rise in the country\u2019s foreign reserves. Naira exchange rates on May 12, 2026 At the official foreign exchange market, the Central Bank of Nigeria data showed the naira [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_title":"Naira Exchange Rate Drops Again as Dollar Hits N1,375.62","_yoast_wpseo_metadesc":"Naira slides again at Nigeria\u2019s official FX window as the dollar climbs to N1,375.62, extending currency pressure amid shifting re","mma_seo_breadcrumb_text":"","mma_seo_breadcrumb_url":"","mma_seo_breadcrumb_hide_ui":"","mma_seo_breadcrumb_labels":[],"footnotes":""},"categories":[5],"tags":[],"class_list":["post-382","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 Exchange Rate Drops Again 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