Dollar to Naira exchange rate today, October 5, 2026: Naira extends depreciation against USD
- The Nigerian naira depreciated to N1,331.69 against the dollar at the Nigerian Foreign Exchange Market on Monday, declining by N1.59 from the previous week's trading level.
- Euro invoices now cost Nigerians fewer naira after the currency pair broke below 1,500 for the first time in over two years, with the euro rate falling almost 0.9% to 1,496.19 naira.
- Gross external reserves reached US$54.93 billion as of September 30, while Central Bank of Nigeria reforms and tighter monetary policy have curbed speculative demand for dollars.
- Street dealers continue pricing the dollar between 1,370 and 1,390 naira, maintaining a premium of roughly 3% to 4.5% above the official market rate on October 2.
- Investor concerns about fiscal instability in France and Spain pressured the euro to US$1.1225 on October 2, according to the European Central Bank, marking its lowest level since May 2025.
13 Articles
13 Articles
Daily Post Nigeria
ghanamma.comDollar to Naira exchange rate today, October 5, 2026: Naira extends depreciation against USD
The Nigerian naira depreciated against the dollar at the official foreign exchange market on Monday, resuming trading on a negative note. Central Bank of Nigeria data showed that the naira dropped to N1,331.69 against the dollar on Monday from N1,330.10 traded last week. This means that at the official foreign exchange market, the naira declined […] Dollar to Naira exchange rate today, October 5, 2026: Naira extends depreciation against USD
Naira Depreciates to N1,331/$1 at Official Market
By Adedapo Adesanya The Naira fell by N1.60 or 0.12 per cent against the United States Dollar on Monday, October 5, in the Nigerian Autonomous Foreign Exchange Market (NAFEM) to exchange at N1,331.69/$1 from N1,330.09/$1. It also depreciated against the Pound Sterling in the official market by 25 Kobo to sell for N1,759.83/£1 compared with […]
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