On Thursday, 8 October 2026, the Nigerian currency fell to **N1,332.10 per US dollar** in the official foreign‑exchange market, representing a modest daily depreciation of **N0.33**, while the parallel market rate held at **N1,385 per dollar**.
**What was the official rate on Thursday?**
The official market rate recorded by the [Central Bank of Nigeria](https://www.cbn.gov.ng/) stood at N1,332.10 per dollar, compared with N1,331.77 the day before.
**How did the black‑market rate move?**
The black‑market (parallel) rate showed no change, staying at N1,385 per dollar, identical to Wednesday’s level.
**What do the external reserves indicate?**
Despite the mixed currency movement, Nigeria’s external reserves rose to **$55.05 billion** as of 7 October 2026, according to the apex bank’s data.
**What was the recent trend?**
The previous day, the naira had weakened across both official and black‑market channels, marking a broader depreciation pattern.
The Central Bank of Nigeria said the slight weakening “reflects ongoing market dynamics and the continued resilience of foreign‑exchange reserves.”
*The naira is Nigeria’s legal tender, and its value against the dollar is a key indicator of the country’s economic health.*