Naira Gains in Official Trade as Gap Shrinks

Naira Closes August Firm Near N1,337 Benchmark

The Nigerian naira sustained its steady multi-week consolidation on Monday, 31 August 2026, holding near N1,337 per US dollar at the official foreign exchange window. Early indicative electronic quotes hovered around N1,346.78 before wholesale banking desks resumed regular session trading. Parallel market operators in Lagos and Abuja traded dollars at N1,400, reflecting a N7 gain…

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Naira Gains in Official Trade as Gap Shrinks

Naira Firms at N1,354 as Foreign Reserves Hit 17-Year Peak

The Nigerian naira gained modest ground against the American dollar on Monday morning as foreign exchange liquidity improved across trading desks. Official market figures placed the currency at roughly 1,354 naira per dollar, extending a multi-day rally. Street traders in Lagos offered greenbacks near 1,405 naira, keeping the parallel market premium narrow. Central bankers view…

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