The naira resumes trading at a weaker level against the US dollar following a prior day of gains. According to Central Bank of Nigeria (CBN) data cited by outlets, the naira moves to about N1,331.77 per dollar at the official market on October 7, 2026, compared with roughly N1,330.87 the previous day.
Outlets also report differing day-to-day direction depending on the market snapshot and the trading period. One report says the naira strengthened at NAFEM to N1,330.87, alongside a sharp rise in forex turnover and reserves nearing $55 billion. Another report says the naira depreciates to about N1,331.69 per dollar, noting that official-market forex turnover falls to about $72.119 million, down 53.2% from the prior day.
Overall, sources attribute the exchange-rate changes to movements in official and interbank/NAFEM conditions, particularly fluctuations in forex turnover and changes in external reserves, as reflected in CBN updates.
