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The naira continued to appreciate against the dollar in the official foreign exchange market on Wednesday.

Data from the Central Bank of Nigeria indicated that the naira strengthened on Wednesday to N1,418.26 per dollar, an improvement from the N1,419.07 exchanged on Tuesday.

This increase reflects a modest gain of N0.80 against the dollar compared to the previous day.

In contrast, the naira remained stable in the black market, holding steady at N1,480 per dollar on Wednesday, the same rate observed the day before.

This trend coincides with Nigeria's foreign reserves, which climbed to $45.62 billion as of January 6th, 2026.

It is worth noting that on Tuesday, the .

What is the current exchange rate of the naira against the dollar?

As of Wednesday, the naira is valued at N1,418.26 per dollar in the official foreign exchange market.

How did the naira perform in the black market?

In the black market, the naira remained unchanged at N1,480 per dollar on Wednesday.

What is the status of Nigeria's foreign reserves?

Nigeria's foreign reserves increased to $45.62 billion as of January 6th, 2026.

Eze Chidiebere Paul

Eze Chidiebere Paul

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