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The naira on Monday appreciated importantly against the United States dollar astatine the authoritative overseas speech market, opening the week and the period of June 2026 connected a affirmative note.
Data from the Central Bank of Nigeria, CBN, showed that the naira strengthened on Monday to N1,366.79 per dollar, up from N1,373.26 traded on Friday last week.
This means that astatine the authoritative overseas speech market, the naira gained N6.47 against the dollar.
Meanwhile, astatine the achromatic market, a Bureau de Change operator, Abubakar Bengazzi, told DAILY POST that the naira traded astatine N1,395 per dollar on Monday, the aforesaid complaint recorded on Friday.
In comparison, this showed that the speech complaint spread betwixt the achromatic marketplace and the authoritative marketplace stood astatine N28.21 per dollar.
On May 29, 2026, Nigeria’s overseas reserves stood astatine $49.58 billion, according to information from the apex bank.
Recall that on Friday, the naira had appreciated to end the week on a bullish note.
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