Dollar-to-Naira exchange rate Today, October 16, 2026: Naira depreciates against USD to end week on negative note
The naira depreciated against the United States dollar at the official foreign exchange market on Friday. Central Bank of Nigeria, CBN, data showed that the naira weakened to ₦1,332.26 per dollar on Friday, from ₦1,331.61 recorded on Thursday. This means that, on a day-to-day basis, the naira depreciated by ₦0.65 against the dollar. However, on […] Dollar-to-Naira exchange rate Today, October 16,…
On Friday, October 16, 2026, the Nigerian naira experienced a decline against the United States dollar at the official foreign exchange market according to data released by the Central Bank of Nigeria (CBN). The naira weakened to ₦1,332.26 per dollar, marking a drop of ₦0.65 compared to the previous day's rate of ₦1,331.61. However, when looking at the week-long trend, the naira actually appreciated by ₦1.07 against the dollar, increasing from ₦1,370 per dollar at the start of the week on Thursday to ₦1,332.26 at week's end.
The parallel market saw the naira appreciate to ₦1,370 per dollar on Friday, after having remained stable at ₦1,375 per dollar since Monday. As of now, the country's external reserves are recorded at $55.09 billion by the CBN. Throughout the week under review, the naira's performance against the dollar was mixed.
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.
