Naira trades at N1,328.67 per dollar amid rising reserves

The Nigerian naira experienced a marginal depreciation in the official foreign-exchange market, trading at N1,328.67 per US dollar on Thursday. This represents a slight decline of N0.17 compared to the previous day.

In the parallel market, the currency remained steady at N1,385 per dollar. The gap between the official and parallel market rates narrowed slightly to approximately 4.29 percent.

Nigeria’s foreign-exchange reserves have reached an 18-year high, rising to $54.83 billion as of September 23, 2026. This figure marks a 30.02 percent increase compared to the same period in 2025, providing the Central Bank of Nigeria with increased capacity to manage external obligations.