Nigerian Naira Appreciationd Massively Against US Dollar Ahead of Eid-ul-Fitr Holidays

  1. The Naira appreciated massively against the United States Dollar to continue its appreciation rally at the official foreign exchange market on Tuesday.

The Central Bank of Nigeria’s data showed that the Naira further strengthened to N1,344.42 against the Dollar on Tuesday, up from N1,357.77 was exchanged on Monday.

This means that the Naira recorded a significant N13.35 gain on a day-to-day basis, higher than the N8.46 appreciation on Monday.

Meanwhile, at the black market, the Naira remained flat at N1,430 per dollar on Tuesday, the same rate as on Friday.

The development amid a drop in the country’s foreign reserves to $49.87 billion as of 16 March 2026, down from $50.01 billion on the 12th, according to the apex bank data.
The currency market has Wednesday to conclude trading for the week ahead of the Eid-ul-Fitr holidays on Thursday and Friday.

Related Posts

Join another party or face sanction — APC national secretary Ajibola Basiru warns former Governor Kayode Fayemi against ‘demarketing’ the ruling party

National secretary of the All Progressives Congress, Ajibola Basiru has warned former Ekiti State governor Kayode Fayemi against making comments that could damage the image of the All Progressives Congress,…

Phyna Regrets Squandering BBNaija Winnings on Family, Cites Lack of Financial Guidance

    Big Brother Naija Season 7 winner Josephina Otabor, popularly known as Phyna, has said her biggest regret is using the prize money she won from the show to…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Join another party or face sanction — APC national secretary Ajibola Basiru warns former Governor Kayode Fayemi against ‘demarketing’ the ruling party

Join another party or face sanction — APC national secretary Ajibola Basiru warns former Governor Kayode Fayemi against ‘demarketing’ the ruling party

Phyna Regrets Squandering BBNaija Winnings on Family, Cites Lack of Financial Guidance

Phyna Regrets Squandering BBNaija Winnings on Family, Cites Lack of Financial Guidance

No University Duplication in Abia: Governor Otti Prioritizes Funding for Existing Institutions

No University Duplication in Abia: Governor Otti Prioritizes Funding for Existing Institutions

Nigerian Flamingos Dominate Guinea with 5-0 Victory in U-17 World Cup Qualifier

Nigerian Flamingos Dominate Guinea with 5-0 Victory in U-17 World Cup Qualifier

APC Clears 31 Candidates for Bauchi State House of Assembly Elections

APC Clears 31 Candidates for Bauchi State House of Assembly Elections

You’re Obsessed with Attacking Obi” – OK Movement to Tinubu’s Media Aide

You’re Obsessed with Attacking Obi” – OK Movement to Tinubu’s Media Aide