Dollar-to-Naira exchange rate Today, October 20, 2026: Naira appreciates against USD
The naira appreciated slightly against the US dollar at the official foreign exchange market on Tuesday, recovering marginally after starting the week on a negative note. Data from the Central Bank of Nigeria, CBN showed that the naira strengthened marginally to N1,333.65 per dollar on Tuesday, compared with N1,333.72 recorded on Monday. This means the […] Dollar-to-Naira exchange rate Today,…
On Tuesday, October 20, 2026, the Nigerian naira experienced a slight appreciation against the US dollar in the official foreign exchange market, according to data released by the Central Bank of Nigeria (CBN). The CBN reported that the naira strengthened to N1,333.65 per dollar, marking a marginal gain of N0.07 compared to the previous day's rate of N1,333.72.
However, at the parallel market, commonly known as the black market, the naira remained relatively stable at N1,375 per dollar, maintaining the same rate as the previous day. This development occurred amidst a broader trend where the naira had depreciated against the dollar on both markets on Monday, as the week commenced on a negative note.
The improvement in the naira's value at the official market was attributed to a rise in the country's external reserves, which increased to $55.12 billion, as per CBN data released on Monday.
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