The naira continued its upward trend against the US dollar on Tuesday, showing fresh signs of recovery in both the official and parallel markets.

According to the Central Bank of Nigeria (CBN), the naira appreciated to ₦1,448.20 per dollar, up from ₦1,452.79 recorded on Monday—marking a ₦4.59 gain in just one day.

At the black market, the currency remained stable at ₦1,485 per dollar, maintaining Monday’s rate.

However, despite the naira’s steady improvement, Bureau De Change (BDC) operators have raised concerns over restricted access to foreign exchange.

In a statement, the Association of Bureaux De Change Operators of Nigeria (ABCON) said that many of its members are finding it difficult to obtain dollars even as the country’s external reserves rise.

Latest CBN data shows Nigeria’s reserves now stand at $42.86 billion as of October 22, 2025, reflecting stronger forex inflows and improved market confidence.

While the CBN’s reforms and increased dollar liquidity are being credited for the naira’s recent gains, currency traders say broader access to forex remains essential for sustaining the momentum.