{"id":665,"date":"2026-05-20T00:38:47","date_gmt":"2026-05-19T21:38:47","guid":{"rendered":"https:\/\/zalebs.com\/news\/naira-slips-further-vs-dollar-as-traders-await-cbn-rate-decision\/"},"modified":"2026-05-20T00:38:47","modified_gmt":"2026-05-19T21:38:47","slug":"naira-slips-further-vs-dollar-as-traders-await-cbn-rate-decision","status":"publish","type":"post","link":"https:\/\/zalebs.com\/news\/naira-slips-further-vs-dollar-as-traders-await-cbn-rate-decision\/","title":{"rendered":"Naira Slips Further vs Dollar as Traders Await CBN Rate Decision"},"content":{"rendered":"<p>The naira continued to lose ground against the US dollar at Nigeria\u2019s official foreign exchange window on Tuesday, tracking expectations around the Central Bank of Nigeria\u2019s upcoming interest rate call. Central bank figures showed the local currency eased slightly to 1,373.87 naira per dollar on Tuesday, compared with 1,373.70 naira per dollar on Monday\u2014an almost negligible day-to-day decline of 0.17 naira in official-market terms.<\/p>\n<h2>Official and parallel-market moves<\/h2>\n<p>While the naira slipped marginally at the official window, it held steady in the parallel, or black, market. The exchange rate in that market remained unchanged at 1,400 naira per dollar on Tuesday, the same level recorded on Monday.<\/p>\n<h2>Reserves rise as policy decision nears<\/h2>\n<p>The currency\u2019s pattern comes as Nigeria\u2019s foreign exchange reserves continue to climb. Reserves increased to 48.68 billion dollars as of May 18, 2026, providing a supportive backdrop as traders look ahead to the central bank\u2019s next step on monetary policy.<\/p>\n<h2>What the central bank is expected to do<\/h2>\n<p>Market attention is focused on the Central Bank of Nigeria\u2019s fresh monetary policy decision scheduled for Wednesday, following its 305th meeting. The latest exchange-rate developments\u2014particularly the continued depreciation at the official FX market\u2014are unfolding in the lead-up to that announcement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The naira continued to lose ground against the US dollar at Nigeria\u2019s official foreign exchange window on Tuesday, tracking expectations around the Central Bank of Nigeria\u2019s upcoming interest rate call. Central bank figures showed the local currency eased slightly to 1,373.87 naira per dollar on Tuesday, compared with 1,373.70 naira per dollar on Monday\u2014an almost [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_title":"Naira Falls vs Dollar as CBN Rate Decision Looms","_yoast_wpseo_metadesc":"Naira edges lower at Nigeria\u2019s official FX window as traders brace for the CBN\u2019s upcoming rate decision, keeping dollar demand in ","mma_seo_breadcrumb_text":"","mma_seo_breadcrumb_url":"","mma_seo_breadcrumb_hide_ui":"","mma_seo_breadcrumb_labels":[],"footnotes":""},"categories":[5],"tags":[],"class_list":["post-665","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\/ 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