Naira Opens at ₦1,356.74/Dollar After Volatility

The Naira opened Monday at ₦1,356.74 per Dollar, following moderate volatility in mid-March. Rates fluctuated between ₦1,344 and ₦1,370 during the period. The Central Bank of Nigeria (CBN) maintains high interest rates to combat inflation, which dropped to 15.10% this year. External reserves remain strong at $50 billion, supported by 1.46 million barrels daily oil production and favorable crude prices. Thirty major banks met new capital requirements ahead of the March 31 deadline. This stability supports the Naira despite global market uncertainties.

SOURCE: https://www.channelstv.com/2026/03/23/naira-to-dollar-exchange-rate-today-march-23-2026/