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The exchange rate was N1, 330.8745 to the dollar on Tuesday

Naira depreciates to N1, 331.7679 to dollar at official market Wednesday

 

 

Lagos, Oct. 8, 2026  The Nigerian currency, Naira, depreciated to N1, 331.7679 to the dollar at the official foreign exchange market on Wednesday.

The exchange rate was N1, 330.8745 to the dollar on Tuesday

 

Bid rates offered by dealers at the market on Wednesday ranged from N1, 330.50 and N1, 332.99 to the dollar.

Meanwhile, the naira is being traded at the black market in Lagos at between N1, 375 and N1, 387 to the dollar.

 

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