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.

The Nigerian naira has depreciated by at least N9 against the United States dollar at the Central Bank of Nigeria's official foreign exchange window, according to Tribune Online.

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.

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.

The Naira has depreciated to N1,385 per dollar in the parallel market, a decline from N1,380 per dollar the previous day, according to Vanguard.

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.