Dollar to Naira Exchange Rate Today, July 16, 2026: Nigerian Naira extends appreciation
The Nigerian Naira has shown slight appreciation against the US dollar in the official foreign exchange market. This trend is supported by an increase in the country's foreign reserves and a recent decline in inflation rates.
Why it matters
Currency stability is critical for Nigeria's economic health and investor confidence in the region.
The Naira continued to appreciate against the official foreign exchange market on Thursday for the second consecutive time this week. The Central Bank of Nigeria's data showed that the Naira strengthened to N1,381.53 per dollar on Thursday, up from N1,382.18 traded on Wednesday.
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