Dollar to Naira exchange rate Today, August 18, 2026: Nigerian Naira extends appreciation against US currency
The naira extended its appreciation against the US dollar at the official foreign exchange market on Tuesday. Data from the Central Bank of Nigeria showed that the naira strengthened to N1,343.32 per dollar on Tuesday, from N1,349.54 traded on Monday. This means that, on a day-to-day basis, the naira strengthened by N6.22 against the dollar. […] Dollar to Naira exchange rate Today, August 18,…
On Tuesday, August 18, 2026, the Nigerian naira exhibited continued appreciation against the US dollar at the official foreign exchange market. The Central Bank of Nigeria reported that the naira rose to N1,343.32 per dollar from N1,349.54 on the previous trading day. This marked an increase of N6.22 for the naira against the dollar on a day-to-day basis. Meanwhile, the parallel market saw the Nigerian currency remain steady at N1,405 per dollar, maintaining the same rate as the prior day.
The mixed signals across both the official and parallel foreign exchange markets were observed amid the country's external reserves standing at $52.32 billion as of August 17, 2026. The naira had shown a positive trend at the start of the week, appreciating against the dollar. According to DAILY POST, over two consecutive trading days, the naira gained N14.29 against the dollar in the official market.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
