GTBank Confirms New Exchange Rate as Naira Weakens Against Dollar

Guaranty Trust Bank (GTBank) has confirmed a new exchange rate as the Nigerian Naira weakens against the US Dollar, British Pound, and Euro. The Central Bank of Nigeria (CBN) data shows the Naira depreciating in the official market due to strong demand and limited supply.

Despite slight improvements in the parallel market, the official window struggles with high demand outpacing available supply. The Charter Institute of Bankers of Nigeria (CIBN) projects positive economic growth and lower inflation for Nigeria in 2026, driven by ongoing reforms and interventions by the CBN to stabilize the foreign exchange market.