The Central Bank of Nigeria (CBN) managed NAFEM rate appreciated by 1.24% to close at ₦1,373.50/$ on Thursday, improving from ₦1,390.50 the previous day — a gain of ₦17.00.
Key Exchange Rates – March 12, 2026
NAFEM (USD)
Current: ₦1,373.50/$1
Previous: ₦1,390.50/$1
Change: +1.24% (–₦17.00)
Source: CBN
IMTO Rate (USD)
Current: ₦1,415/$1
Previous: ₦1,424/$1
Change: +0.64% (–₦9.00)
Source: LEMFI, REMITLY
The latest appreciation narrows the gap between official and IMTO rates, reflecting improved dollar supply and sustained Central Bank interventions.
External Reserves stood at $50.011 billion up from $49.989 billion crossing the $50 billion mark for the first time in recent months providing a stronger buffer against external shocks.
