…on Tuesday, the same rate recorded on Monday.The development comes as the country's external reserves rose further to $55.26 billion as of October 26, 2026.The naira's rebound at the official market followed losses of N23 against the dollar since last week.Dollar-to-Naira exchange rate today, October 27, 2026: Naira bo…

…weakened by ₦5.77 to ₦1,367.61 per dollar at the official market, despite rising external reserves and high oil pricesOfficial forex turnover fell to $614.25 million, while completed transactions dropped from 315 to 201Reserves climbed to about $55.2 billion; the parallel-market dollar held at ₦1,370 as pound and…

…quarter. Headline inflation stood at 14.63% in September, down from 34.8% in 2024. Gross external reserves reached approximately US$55.1 billion in October 2026. “These developments deserve recognition.” He added: “However, food inflation remained at 19.59% in September. Slower inflation does not mean prices have becom…

…per dollar on Tuesday, the same rate recorded on Monday.This comes as the country's external reserves rose to $55.12 billion, according to CBN data released on Monday.Recall that the naira depreciated against the dollar at both the official and parallel markets on Monday, beginning the week on a negative note.Dollar-to…

…per dollar on Monday, up from ₦1,370 recorded last week.This comes as the country's external reserves stood at $55.09 billion at the end of last week, according to data from the apex bank.Recall that the naira ended last week on a negative note, falling against the dollar.Dollar-to-Naira exchange rate today, October 19…

…day. The mixed movements across the foreign exchange markets came as the country’s external reserves rose further to $58.81 billion, according to CBN data. DAILY POST reports that the naira also depreciated against the dollar at the official foreign exchange market on Monday. Dollar to Naira Exchange Rate Today, Octobe…

…revision of Nigeria’s economic outlook to positive reflects sustained reforms, stronger external reserves and moderating inflation. Fitch, on Friday, revised Nigeria’s Long-Term Issuer Default Ratings outlook to positive from stable, while affirming the country’s rating at ‘B’. The Minister of Finance and Coordinating…

…reserves boost investor confidenceThe forecast comes amid improvements in Nigeria’s external reserves and foreign exchange market conditions.Legit.ng had previously reported that the country’s net foreign reserves had reached a record $46 billion, helping to strengthen investor confidence.Dangote Group Predicts Naira’s…

…to 192 from 83 in the previous session.The increase in turnover came as Nigeria’s external reserves continued to strengthen.The country’s foreign exchange reserves rose by about $2.72 million to approximately $54.983 billion as of October 6, 2026.CBN data shows sharp increase in FX turnover as naira weakens against the…

…surged from $72 million to over $313 million in a single trading sessionNigeria's gross external reserves climbed to nearly $55 billion, driven by stronger oil output and foreign investmentsPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Legit.ng journalist Dav…

…and explore new markets,” she added. The CBN also disclosed that Nigeria’s gross external reserves exceeded $55bn as of September 18, 2026, which it described as the highest level in 18 years. Sidi-Ali attributed the improvement to increased foreign exchange inflows from remittances, investments and greater participati…

…How Much Nigerians Abroad Sent Home in 1 Month as Remittances Near $1 Billion>Nigeria’s external reserves have also strengthened. Gross foreign exchange reserves stood at $55.60 billion as of September 11, 2026, while the end-August position provided 11.3 months of import cover.The CBN’s focus on increasing diaspora re…

…dollar rates fell to N1,375, narrowing the gap with the official rate to about N45Rising external reserves and oil prices support the naira, but traders will watch whether gains can continuePAY ATTENTION: Find it fast with our new search feature at Legit.ng! Pascal Oparada is a journalist with Legit.ng, covering techno…

…exchange rate setup cost us about 3% of our GDP in 2022. “The pressure extended to our external reserves. The gross figure did not tell the whole story. After accounting for identified short-term obligations, the Bank’s data put net usable reserves at US$859 million in the second quarter of 2023. Outstanding foreign ex…

…and prevailing demand. Foreign exchange liquidity, dollar inflows and the country’s external reserves are among the factors being watched by market participants as the third quarter approaches its end. What the rates mean for dollar buyers The actual amount paid for dollars can depend on the market through which the tr…

…project the naira could achieve its strongest annual performance since 2018Nigeria's external reserves climbed to $53.9 billion, their highest level in 18 yearsPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Legit.ng journalist Dave Ibemere has over a decade of…

…According to him, the measures were strengthening the economy through improvements in external reserves, a more resilient external position, moderating inflation and stronger monetary policy transmission. The Finance Ministry said its revenue strategy would remain a key component of the reform agenda, alongside fiscal…

…trajectory, President Tinubu highlighted key macroeconomic indicators, noting that gross external reserves had reached approximately $52.7 billion by August 2026, while real Gross Domestic Product (GDP) grew by 4.43 percent in the second quarter of 2026 as inflation moderated toward 15.4 percent. Linking these outcomes…

…in critical infrastructure” when Tinubu took office on 29 May 2023. He said gross external reserves had risen to about $52.7 billion by August 2026, while consolidated non-oil revenue grew from roughly ₦13.63 trillion in 2023 to ₦16.4 trillion in the first two quarters of 2026. The party chair added that the merchandis…

…exchange market benefits from rising dollar supply, supporting Naira's stable performanceExternal reserves climb to $53.3 billion, marking a positive outlook for Nigeria's economic stabilityPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Pascal Oparada is a jou…

…from $4.12 billion, according to a report by BusinessDay.Reserves remain strongNigeria’s external reserves remained broadly stable at $48.32 billion at the end of April, compared with $48.35 billion in March.The reserves were enough to cover about 10.01 months of imports of goods and services, well above the internatio…

…peace and stability in the Niger Delta, is expected to boost government revenue, external reserves and the broader fiscal outlook. The Federal Government of Nigeria’s appointment of Tantita Security Services Nigeria Ltd to protect oil assets and promote peace and stability in the Niger Delta has played a role in the de…

…Kogi State, during the CBN Fair. Sidi Ali attributed the improvement in the country’s external reserves and other economic indicators to sustained monetary policy tightening, increased transparency in the foreign exchange market, and growing investor confidence. She said the foreign reserves had exceeded the CBN’s annu…

…to $437.53 million, the highest single-day volume recorded since July 22, 2026Nigeria's external reserves reached $52.25 billion as of August 13, 2026, their highest point in 17 yearsPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Pascal Oparada is a journalist…

…at N1,357.61 per dollar at the official FX market, gaining N8.08 week-on-weekNigeria's external reserves climbed to $52.25 billion, a 17-year high representing a 28.32% year-on-year riseThe CBN rolled out new financial market reforms, including expanded access to OMO securities for non-bank investorsPAY ATTENTION: Find…