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.

The Nigerian naira strengthened slightly against the United States dollar in the parallel market, appreciating to N1,387 per dollar from N1,390 recorded on Monday, according to Vanguard Business. The modest gain reflects day-to-day movement in the informal foreign exchange market, where the currency is traded outside official channels. The report, published by Vanguard News, did not provide reasons for the appreciation or figures from the official exchange window, focusing solely on the parallel market rate change observed over the period.

The Central Bank of Nigeria has updated its exchange rates as the naira appreciated against the US dollar, trading at N1,320.25 per dollar at the Nigerian Foreign Exchange Market (NFEM). According to Legit.ng, the appreciation coincided with the country's foreign exchange reserves climbing above $54 billion, a development said to have strengthened confidence in the currency.

The Nigerian naira is trading at divergent rates across the country's currency markets, with the parallel or black market rate reaching ₦1,410 per US dollar, according to Tori.ng. The official exchange rate remains significantly lower than what parallel-market traders are quoting, pointing to a widening gap between the two markets. The development highlights continued pressure on Nigeria's foreign exchange system and the challenges authorities face in unifying exchange rates across official and informal channels.

The Nigerian naira continued to trade against the United States dollar at the official foreign exchange market on Monday, according to Naija News. The outlet published its daily report on the dollar-to-naira exchange rate for September 8th, 2026, tracking the local currency's ongoing performance in the forex market. The report provides the latest figures on the naira's value relative to the US dollar at the official window.

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.