The Naira experienced a slight depreciation against the dollar in the official foreign exchange market on May 19, 2026, as it fell to N1,373.87 per dollar, compared to N1,373.70 on the previous day. This decline comes as market participants await the Central Bank of Nigeria's upcoming decision on interest rates. The ongoing fluctuations in the exchange rate reflect the current economic climate and the pressures facing the Nigerian currency. The Central Bank's forthcoming announcement is anticipated to have significant implications for the foreign exchange market.
Related Articles
Don't miss out on breaking stories and in-depth articles.