Dollar to Naira exchange rate today, August 12, 2026: Nigerian Naira bounces back, appreciates against US currency
The Naira bounced back against the United States dollar at the official foreign exchange market, appreciating on Wednesday. Central Bank of Nigeria data showed that the Naira strengthened on Wednesday to N1,360.58 against the dollar, up from N1,364.89 exchanged on Tuesday. This means that, on a day-to-day basis, the Naira firmed up by N4.31 against […] Dollar to Naira exchange rate today, August…
On Wednesday, August 12, 2026, the Nigerian Naira showed signs of strength as it appreciated against the US dollar at the official foreign exchange market. According to data released by the Central Bank of Nigeria, the Naira strengthened to N1,360.58 per dollar, marking an improvement from N1,364.89 on the previous day's trading.
This represents a gain of N4.31 per dollar, effectively reversing the decline observed on Tuesday. However, at the parallel or black market, the Naira experienced a slight depreciation, trading at N1,430 per dollar, down from N1,429 on Tuesday. The contrasting movements in the official and black market reflect the complex dynamics of Nigeria's foreign exchange market.
Concurrently, the country's foreign reserves continued to rise, reaching $52.17 billion as of August 11, 2026, providing additional support to the Naira's recovery.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.