Table of Contents
- Naira's Appreciation Against the Dollar
- Naira in the Black Market
- Nigeria’s Foreign Reserves
- Statement from the Apex Bank Governor
The Naira experienced its first appreciation against the United States dollar in the official foreign exchange market on Tuesday this week.
According to data from the Central Bank of Nigeria, the exchange rate improved from N1,448.03 on Monday.
This indicates that the Naira gained N0.6 against the dollar on a day-to-day basis.
In contrast, the black market rate for the Naira remained stable at N1,465 per dollar on Tuesday, the same rate as on Monday.
Recent checks on Nigeria’s foreign reserves revealed that they have increased to $43.97 billion as of November 17, 2025, based on data from the Central Bank of Nigeria.
Additionally, the governor of the apex bank, Olayemi Cardoso, stated during an event on Tuesday that the country’s foreign reserves reached a seven-year high of $46.7 billion as of November 14.
What was the Naira's exchange rate against the dollar this week?
The Naira appreciated to N1,448.03 against the dollar on Tuesday, up from N1,448.03 on Monday.
How did the Naira perform in the black market?
In the black market, the Naira remained unchanged at N1,465 per dollar on Tuesday, the same rate as Monday.
What is the current status of Nigeria's foreign reserves?
Nigeria’s foreign reserves have risen to $43.97 billion as of November 17, 2025, according to the Central Bank of Nigeria.
What did the apex bank governor say about foreign reserves?
The apex bank governor, Olayemi Cardoso, announced that the country's foreign reserves reached a seven-year high of $46.7 billion as of November 14.
