Exchange rate today, November 10, 2026: Naira extends depreciation against USD
AI Executive Briefing
Gemini Flash AI~45s readThe Nigerian naira experienced mixed performance on November 10, 2026, weakening in the official market while gaining value in the parallel market. This volatility occurs alongside a continued decline in the nation's external reserves.
Context & Background
- ✦The Central Bank of Nigeria manages official exchange rate data and monitors external reserve levels.
- ✦The ongoing fluctuation in exchange rates impacts the cost of imports and general economic stability for Nigerian businesses and citizens.
Key Figures & Named Entities
Central Bank of Nigeria (CBN):Reported the official exchange rate and external reserve data.$54.49 billion:The value of Nigeria's external reserves as of November 9, 2026.
Outlook & Next Steps
The Central Bank of Nigeria is set to hold its 308th Monetary Policy Committee meeting on November 23 and 24, 2026, to address interest rates and monetary policy.
Key Takeaways
AI Summary- The naira weakened in the official foreign exchange market, closing at N1,350.86 per dollar.
- Despite official market depreciation, the naira appreciated in the parallel market to N1,421 per dollar.
- Nigeria's external reserves have continued a declining trend, reaching $54.49 billion as of November 9, 2026.
Key Facts:November 10, 2026: The naira depreciated by N1.52 in the official market compared to the previous day.November 23 and 24, 2026: The Central Bank of Nigeria scheduled the 308th Monetary Policy Committee meeting.
Editorial Excerpt
The naira continued its depreciation against the dollar at the official foreign exchange market on Tuesday.Data from the Central Bank of Nigeria, CBN, showed that the naira weakened further to N1,350.86 per dollar on Tuesday, compared with N1,349.34 recorded the previous day.This means that the...
Frequently Asked Questions About This Story
What was the official exchange rate of the naira on November 10, 2026?
The naira traded at N1,350.86 per dollar in the official foreign exchange market.
How did the parallel market perform on November 10, 2026?
The naira appreciated in the parallel market, moving from N1,425 on Monday to N1,421 per dollar on Tuesday.
