The naira extended its upward trend against the United States dollar at the official foreign exchange market on Tuesday, even as Bureau De Change (BDC) operators complained of limited access to foreign currency.

Data from the Central Bank of Nigeria (CBN) showed that the naira appreciated to ₦1,448.20 per dollar on Tuesday, compared to ₦1,452.79 recorded on Monday — representing a gain of ₦4.59 day-on-day.

However, the naira held steady at the parallel market, exchanging at ₦1,485 per dollar, the same rate as on Monday.

The continued appreciation follows recent measures by the CBN to stabilise the foreign exchange market, including improved liquidity interventions and tighter regulation of FX transactions.

Despite the positive movement, the Association of Bureaux De Change Operators of Nigeria (ABCON) expressed frustration over the persistent difficulty its members face in accessing dollars, even amid the steady rise in Nigeria’s external reserves.

According to the CBN’s latest data, the country’s foreign reserves stood at $42.86 billion as of October 22, 2025, marking one of the highest levels recorded this year.

BDC operators have urged the apex bank to resume regular dollar sales to licensed dealers to improve liquidity in the retail forex market and reduce pressure on the parallel exchange rate.