{
  "id": 15031623,
  "title": "Dollar-to-Naira exchange rate Today, October 16, 2026: Naira depreciates against USD to end week on negative note",
  "url": "https://urgent.news/2026/10/16/dollar-to-naira-exchange-rate-today-october-16-2026-naira-depreciates",
  "topic": "world",
  "section": "World",
  "published": "2026-10-16T20:03:40.000Z",
  "source": {
    "name": "Daily Post Nigeria",
    "slug": "daily-post-nigeria",
    "url": "https://dailypost.ng/2026/10/16/dollar-to-naira-exchange-rate-today-october-16-2026-naira-depreciates-against-usd-to-end-week-on-negative-note/"
  },
  "original_language": "en",
  "account": "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.\n\nThe 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.",
  "summary": "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,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}