Exchange rate today, November 12, 2026: Naira records first appreciation against dollar at official market
The naira recorded its first appreciation against the dollar at the official foreign exchange market on Thursday, marking its first gain this week. Data from the Central Bank of Nigeria, CBN, showed that the naira strengthened to N1,355.88 per dollar on Thursday, compared with N1,358.34 traded the previous day. This means that the naira appreciated […] Exchange rate today, November 12, 2026:…
On Thursday, November 12, 2026, Nigeria's currency, the naira, experienced its first gain against the US dollar at the official foreign exchange market, marking the first increase in the week, according to data from the Central Bank of Nigeria (CBN). The naira strengthened by N2.46 to N1,355.88 per dollar, a shift from N1,358.34 on the previous day.
Conversely, the naira continued its depreciation against the dollar in the parallel market, falling by N15 to N1,435 per dollar, down from N1,420 the day prior. This depreciation trend follows a larger drop of N11.54 and N20 at the official and parallel markets, respectively, between Friday last week and Wednesday.
The country's external reserves witnessed a sustained decline over the past three days, dwindling to $54.90 billion, as reported by the apex bank on Wednesday.
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.
