Naira Opens at ₦1,398.24 per Dollar

The Nigerian Naira opened at ₦1,398.24 per dollar in the Nigerian Foreign Exchange Market (NFEM) early Tuesday, with rates reaching a high of ₦1,398.82 before gaining some ground. By mid-morning sessions, it appreciated to ₦1,396.24 per dollar as market supply from the Central Bank of Nigeria (CBN) and authorized dealers met prevailing demand. The CBN's proactive role in maintaining the 'willing-buyer-willing-seller' model prevented speculative spikes, while decentralized foreign exchange access through Bureau De Change (BDC) operators reduced informal sector urgency.

SOURCE: https://www.channelstv.com/2026/03/10/naira-to-dollar-exchange-rate-today-march-10-2026/