Dollar to Naira exchange rate today, August 11, 2026: Nigerian Naira depreciates, reverses gain
The Naira recorded a depreciation against the United States Dollar at the official foreign exchange market on Tuesday, reversing Monday’s gain. The Central Bank of Nigeria data showed that the Naira dipped to N1,364.89 against the dollar on Tuesday, down from N1,360.15 exchanged on Monday. This means that, on a day-to-day basis, the Nigerian currency […] Dollar to Naira exchange rate today,…
On Tuesday, August 11, 2026, the Nigerian Naira experienced a depreciation against the US Dollar at the official foreign exchange market, reversing the gain it had achieved on Monday. According to data from the Central Bank of Nigeria, the Naira fell to N1,364.89 per dollar, a decrease of N4.75 from the previous day's rate of N1,360.15.
The black market saw a slight appreciation of the Naira, with the rate reaching N1,429 per dollar, up from N1,430 on Monday. Despite this fluctuation, the country's foreign reserves continued to rise, reaching $52.14 billion as of August 10, 2026.
Brief written by urgent.news from Daily Post Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
