Table of Contents
- Naira's Appreciation Against the Dollar
- Official Exchange Rate
- Black Market Rates
- Recent Performance of the Naira
- External Reserves Status
The Naira experienced three consecutive gains against the United States dollar at the official foreign exchange market on Wednesday, as the country's external reserves increased to $43.11 billion as of Tuesday, October 28, 2025.
Data from the Central Bank of Nigeria indicated that the Naira further appreciated on Wednesday to N1,444.42, an improvement from N1,448.2050.
This indicates that the Naira strengthened by N3.78 on a day-to-day basis.
In contrast, the Naira remained stable in the black market, trading between N1,485 and N1,495 per dollar on Wednesday, according to Bureau De Change operators in Wuse Zone 4, Abuja.
According to DAILY POST, over the past three days, the Naira has appreciated by N13.53 compared to the N1,457.9571 per dollar rate recorded on Friday, October 24, 2025.
This development coincides with a continued rise in the country's external reserves, which have reached another peak of $43.11 billion as of Tuesday.
Frequently Asked Questions
What is the current exchange rate of the Naira against the dollar?
The current exchange rate of the Naira against the dollar is N1,444.42 at the official foreign exchange market.
How much has the Naira appreciated recently?
Recently, the Naira has appreciated by N13.53 over the past three days.
What are the current external reserves of Nigeria?
As of Tuesday, October 28, 2025, Nigeria's external reserves stand at $43.11 billion.
