The Nigerian naira bounced back against the United States (US) dollar on Tuesday, 10th March 2026, closing at N1390 per dollar at the Central Bank of Nigeria (CBN) official foreign exchange window.
According to the data shared on the official platform of the CBN, the naira traded at the Nigerian Foreign Exchange Market (NFEM) rate of N1401.4041 per dollar and closed at N1390.5 per dollar in the official market.
This depicts an appreciation for the first time in two weeks when the Nigerian naira maintained steady depreciation against the US dollar.
On Monday, 9th March, 2026, the Naira traded at NFEM rate of NN1,405.6238 per dollar and closed at N1425 per dollar in the official market. Comparing Monday’s closing rate with that of Tuesday shows the naira closed on Tuesday with N34.5 gains against the USDollar.
At the parallel market, the naira to dollar exchange rate has also appreciated by N10 for the second time in a row
According to the Bureau De Change operators across Lagos, Kano, Port Harcourt, and Abuja, the Naira to dollar exchange rate at the black market on Tuesday, 10th March, 2026, was at N1,400 per dollar for the buying rate and N1,410 per dollar for the selling rate.
Market Summary
CBN (closing rate) — N1390.5,/$
Black market (Buying and selling rates) — N1,400— N1,410
