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The naira appreciated to N1,345/$ at the official foreign exchange market on Tuesday, improving from N1,355/$ recorded on Monday.

This is according to data published on the Central Bank of Nigeria (CBN) website.

Checks by Nairametrics show that Tuesday’s closing rate represents the strongest level for the naira since February 18, 2026, when the currency closed at N1,340/$, signaling continued recovery in the foreign exchange market.

CBN data show that the naira traded within a relatively stable range during the trading session.

The data indicate improved market stability, with reduced volatility compared to previous weeks.

Nigeria’s external reserves recorded a slight decline during the period.

Despite the decline, the naira’s appreciation suggests improved foreign exchange supply conditions in the market.

Global currency markets showed mixed movements as investors reacted to geopolitical developments and upcoming central bank decisions.

The dollar had earlier reached a 10-month high as investors sought safe-haven assets amid escalating tensions in the Middle East, now in its third week.

Global market sentiment remains influenced by geopolitical tensions and key monetary policy decisions.