Table of Contents
The naira experienced its first appreciation against the United States dollar on Tuesday in both the official and parallel foreign exchange markets.
Data from the Central Bank of Nigeria indicated that the currency traded at N1,445.39 per dollar on Tuesday, improving from the N1,448.44 recorded on Monday.
This signifies a day-on-day appreciation of N3.05.
According to DAILY POST, this gain in the official market was the first since last week, specifically on November 26, 2025.
In the parallel market, the naira also gained N5 against the dollar, closing at N1,470 on Tuesday, compared to N1,475 recorded the day before, as reported by several Bureau de Change operators in Wuse Zone 4, Abuja.
This development coincides with an increase in Nigeria’s foreign reserves, which rose to $44.67 billion as of November 28.
It is worth noting that on Monday, the situation across the foreign exchange markets was different.
What caused the naira to appreciate against the dollar?
The naira appreciated due to a combination of factors, including improved foreign reserves and market adjustments in both official and parallel exchange rates.
How much did the naira strengthen on Tuesday?
On Tuesday, the naira strengthened by N3.05 in the official market and by N5 in the parallel market against the dollar.
What are the current foreign reserves of Nigeria?
As of November 28, Nigeria's foreign reserves stand at $44.67 billion.
Eze Chidiebere Paul
I'm dedicated to creating high-quality content that informs, inspires, and delights. If you have any questions or suggestions, don't hesitate to get in touch. Happy reading!
