Table of Contents
- Naira Performance Against the Dollar
- Black Market Rate
- Nigeria's External Reserves
- Recap of Monday's Performance
The naira recovered against the United States dollar in the official market on Tuesday, following President Donald Trump’s warning of potential military action in Nigeria.
According to data from the Central Bank of Nigeria, the naira improved to N1,433.66 per dollar on Tuesday, up from N1,436.34 recorded the day before.
This signifies that the naira appreciated by N2.68 against the dollar on a daily basis.
In the black market, the naira also strengthened to N1,450 per dollar on Tuesday, rising from N1,460, as reported by several Bureau de Change operators in Wuse Zone 4, Abuja.
This change comes as Nigeria’s external reserves increased to $43.259 billion in November 2025, up from $43.197 billion at the end of the previous month.
It’s worth noting that on Monday, the market started the week on a negative trend.
What caused the naira to strengthen against the dollar?
The naira strengthened due to President Donald Trump’s warning of possible military action in Nigeria, which influenced market sentiment.
What was the black market rate for the naira on Tuesday?
On Tuesday, the black market rate for the naira was N1,450 per dollar, an improvement from N1,460 the previous day.
How much did Nigeria's external reserves increase?
Nigeria's external reserves rose to $43.259 billion in November 2025, an increase from $43.197 billion at the end of the previous month.
