The naira bounced back against the United States dollar at the official market on Tuesday, following President Donald Trump’s threat of military action in Nigeria.
Data from the Central Bank of Nigeria showed that the naira strengthened to N1,433.66 per dollar on Tuesday, up from N1,436.34 recorded the previous day.
This indicates that the naira gained N2.68 against the dollar on a day-to-day basis.
Similarly, on the black market, the naira appreciated to N1,450 per dollar on Tuesday, up from N1,460, according to multiple Bureau de Change operators in Wuse Zone 4, Abuja.
This development comes as Nigeria’s external reserves rose further to $43.259 billion in November 2025, up from $43.197 billion at the end of last month.
Recall that on Monday, the naira had depreciated sharply against the dollar, beginning the week on a negative note.
