Exchange rate on October 28, 2026: Naira extends gains against the dollar

The naira appreciated on Wednesday at the official foreign exchange market, strengthening to 1,347.53 per dollar from 1,352.87 on Tuesday, a gain of 5.34 naira. On the black market, it rose by 5 naira to 1,380 per dollar, compared with 1,385 the previous day. Nigeria’s foreign reserves stood at $55.26 billion on Tuesday, according to the Central Bank of Nigeria. The naira had also appreciated at the official market over the previous two days.