Exchange rate today, October 30, 2026: Naira appreciates against USD as foreign reserves slip
The naira extended its appreciation against the United States dollar on Friday, ending the week on a positive note at the official foreign exchange market, even as the country's foreign reserves declined for the second consecutive day. Central Bank of Nigeria, CBN, data showed that the naira strengthened slightly to N1,346.26 against the dollar on […] Exchange rate today, October 30, 2026: Naira…
On Friday, October 30, 2026, the Nigerian naira strengthened against the US dollar at the official foreign exchange market, ending the week on a positive note. The Central Bank of Nigeria (CBN) reported that the naira rose to N1,346.26 per dollar from the previous day's rate of N1,346.91. On a day-to-day basis, the naira appreciated by N0.65 against the dollar.
However, the parallel market saw the naira remain flat at N1,390 per dollar, unchanged from the previous day's rate. Despite the slight appreciation at the official rate, the overall trend of the naira's value was impacted by a decline in the country's foreign reserves.
According to CBN data as of October 29, 2026, Nigeria's foreign reserves fell for the second consecutive day to $55.24 billion. This decline in foreign reserves contributed to the naira's weaker performance against the dollar.
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.
