Exchange Rate Today, October 29, 2026 as Naira records fourth straight gain against dollar.
NewOnline Nigeria reports that the naira recorded its fourth consecutive day of appreciation against the US dollar at the official foreign exchange market on Thursday, October 29, 2026.
Data from the Central Bank of Nigeria (CBN) showed that the naira strengthened to ₦1,346.91 per dollar on Thursday, compared with ₦1,347.53 recorded on Wednesday.
The latest figures indicate that the local currency gained ₦0.62 against the dollar on a day-to-day basis, extending its appreciation streak throughout the week.
However, the naira recorded a different performance at the parallel market, where it continued to depreciate against the dollar.
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At the black market, the dollar exchanged at ₦1,390 on Thursday, compared with ₦1,385 on Wednesday, representing a ₦5 increase in the exchange rate.
The divergent movements highlight the difference between the official and parallel foreign exchange markets.
Meanwhile, Nigeria’s external reserves reportedly declined to $55.26 billion, marking a drop after an extended period of growth.
The movement in the naira’s exchange rate and the latest external reserves figures come amid continued attention to foreign exchange liquidity and the stability of the country’s currency.
