On May 20, 2026, the Naira experienced a slight appreciation against the US dollar at the official foreign exchange market, following the Central Bank of Nigeria's decision to maintain the interest rate at 26.50 percent. According to data released by the CBN, the exchange rate improved to N1,373.34 per dollar, up from N1,373.87 the previous day. This change reflects a marginal strengthening of the Naira by N0.5. The stability in interest rates is seen as a contributing factor to this minor fluctuation in the currency's value.
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