Dollar to Naira exchange rate Today, August 19, 2026: Nigerian Naira records first depreciation against US Dollar
The naira recorded its first depreciation against the dollar at the official foreign exchange market on Wednesday. Data from the Central Bank of Nigeria (CBN) showed that the local currency weakened for the first time this week, closing at N1,350.41 per dollar on Wednesday, compared to N1,343.32 exchanged on Tuesday. This means that the naira […] Dollar to Naira exchange rate Today, August 19,…
The Nigerian naira experienced its first depreciation against the US dollar on Wednesday, August 19, 2026, closing at N1,350.41 per dollar, marking a weakening from the previous day's rate of N1,343.32. This depreciation of N7.09 per dollar signifies a shift in currency value within the official foreign exchange market. Despite this, the black market rate remained stable at N1,405 per dollar, unchanged from the previous day. The country's foreign reserves were reported at $52.32 billion as of August 17, 2026.
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