On Thursday, the [Central Bank of Nigeria](https://www.cbn.gov.ng/) reported that the naira continued to appreciate against the US dollar, reaching an official rate of N1,331.61 per dollar, marginally stronger than the N1,332.59 recorded the previous day.
The day‑to‑day gain amounted to N0.98 per dollar. In the parallel (black) market, the naira held steady at N1,375 per dollar, matching Wednesday's level.
External reserves fell slightly for the first time in months, dropping to $55.09 billion. Meanwhile, the country's inflation rate eased to 14.64% in September, although food price pressures remained high, according to the National Bureau of Statistics.
**What was the official exchange rate?**
The official market rate stood at N1,331.61 per US dollar on Thursday.
**How did the parallel market compare?**
The black‑market rate remained unchanged at N1,375 per dollar.
**What do the reserve figures indicate?**
Nigeria's foreign reserves slipped to $55.09 billion, marking a modest decline after a period of growth.
**What is the latest inflation reading?**
September's inflation eased to 14.64%, a slight improvement from earlier months, though food inflation stayed elevated.