Exchange rate today, October 30, 2026: Naira appreciates against USD as foreign reserves slip
- ✦Reported under Nigeria's Business news sector.
- 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 Friday, up from N1,346.91 recorded on Thursday.This means that, on a day-to-day basis, the naira appreciated by N0.65 against the dollar at the official foreign exchange market.Meanwhile, at the parallel market, the naira remained flat at N1,390 per dollar on Friday, the same rate recorded on Thursday.DAILY POST reports that the naira has gained significantly against the dollar over the past five trading days, recovering from losses recorded last week.This comes as the country's foreign reserves declined for the second consecutive day to $55.24 billion, according to CBN data as of October 29, 2026.
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...
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What is the latest development regarding Central Bank of Nigeria?
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 Friday, up from N1,346.91 recorded on Thursday.This means that, on a day-to-day basis, the naira appreciated by N0.65 against the dollar at the official foreign exchange market.Meanwhile, at the parallel market, the naira remained flat at N1,390 per dollar on Friday, the same rate recorded on Thursday.DAILY POST reports that the naira has gained significantly against the dollar over the past five trading days, recovering from losses recorded last week.This comes as the country's foreign reserves declined for the second consecutive day to $55.24 billion, according to CBN data as of October 29, 2026.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Central Bank of Nigeria, Naira & Foreign Exchange Policy.
What timeline or key figures were confirmed?
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 Friday, up from N1,346.91 recorded on Thursday.This means that, on a day-to-day basis, the naira appreciated by N0.65 against the dollar at the official foreign exchange market.Meanwhile, at the parallel market, the naira remained flat at N1,390 per dollar on Friday, the same rate recorded on Thursday.DAILY POST reports that the naira has gained significantly against the dollar over the past five trading days, recovering from losses recorded last week.This comes as the country's foreign reserves declined for the second consecutive day to $55.24 billion, according to CBN data as of October 29, 2026.
