Dollar to Naira exchange rate today, September 16, 2026: Naira extends depreciation against USD
The naira extended its depreciation against the United States dollar at the official foreign exchange market on Wednesday. Central Bank of Nigeria, CBN, foreign exchange data showed that the Nigerian naira weakened further to N1,329.86 per dollar on Wednesday, from N1,329.15 on Tuesday. This means that, on a day-to-day basis, the naira declined slightly by […] Dollar to Naira exchange rate today,…
On Wednesday, September 16, 2026, the Nigerian naira continued its depreciation against the US dollar at the official foreign exchange market, according to data from the Central Bank of Nigeria. The naira weakened further to N1,329.86 per dollar, a slight decline from N1,329.15 on Tuesday. This represents a decrease of N0.71 against the dollar on a day-to-day basis. At the black market, the naira remained steady at N1,390 per dollar, unchanged since Monday.
As of September 14, 2026, the country's external reserves stood at $54.61 billion, as reported by the apex bank. The naira had already begun to decline against the USD for the first time on Tuesday. The depreciation of the Nigerian naira follows the US Federal Reserve's decision to raise interest rates by 25 basis points, the first increase since 2023.
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