The naira opened the week marginally stronger at Nigeria's official foreign-exchange window, improving to N1,320.56 per dollar from N1,321.22, while its parallel-market value held steady. According to Zalebs, the move followed a rise in the country's foreign-exchange reserves to $54.13 billion and came after the currency's decline on Friday ended a four-session advance.
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Nigeria's gross foreign exchange reserves have risen to $54.13 billion, their second-highest level on record, according to O'tega Ogra, Senior Adviser on Digital and New Media to President Bola Tinubu. Ogra announced the figure in a post on his X account on Monday, citing data from the Central Bank of Nigeria. According to Ogra, the increase reflects the impact of President Tinubu's economic reforms on the country's external financial position.
Vanguard (NG)·September 8, 2026 at 6:05 AM
Foreign exchange turnover in the Nigerian Foreign Exchange Market (NFEM) fell sharply on Monday, September 7, dropping to N107.07 million, its lowest level in five months, according to Nairametrics. The decline in trading activity came as the naira strengthened against the US dollar, firming to N1,320 per dollar. The report highlights a notable slowdown in market turnover even as the local currency recorded gains in the official foreign exchange window.
Nairametrics·September 8, 2026 at 6:44 AM
The naira appreciated slightly against the US dollar at Nigeria's official foreign exchange market on Monday, September 7, 2026, according to Central Bank of Nigeria data. The currency strengthened to N1,320.56 per dollar from N1,321.22 recorded on the previous Friday, a gain of N0.66. The modest improvement meant the naira began the week on a positive note at the official market, as reported by the Daily Post.
Daily Post (NG)·September 7, 2026 at 8:56 PM
The naira experienced its most significant daily decline since April, closing at N1,389 per dollar in the official foreign exchange market on June 24, 2026, according to Nairametrics.
Nairametrics·June 25, 2026 at 5:57 AM
On June 24, 2026, the Nigerian naira experienced its highest depreciation against the dollar in two weeks, according to data from the Central Bank of Nigeria. The official exchange rate reached N1,380.08 per dollar, marking a continued bearish trend for the currency in the foreign exchange market.
Daily Post (NG)·June 24, 2026 at 9:30 PM
The naira has stabilised at N1,370.19 per USD, attributed to the Central Bank of Nigeria's (CBN) intervention which has reduced volatility in the currency market. This stability is further supported by rising global oil prices, which are seen as promising for Nigeria's economy.
Legit.ng·July 5, 2026 at 1:08 PM