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The naira appreciated against the dollar astatine the authoritative overseas speech marketplace connected Monday, resuming the week connected a affirmative note.
Central Bank of Nigeria information showed that the naira strengthened somewhat to N1,320.56 against the dollar connected Monday from N1,321.22 recorded connected Friday past week.
This means that the naira gained N0.66 against the dollar astatine the authoritative overseas speech market.
Meanwhile, astatine the achromatic market, the naira remained unchanged astatine N1,400 per dollar connected Monday, the aforesaid complaint recorded astatine the adjacent of trading past week.
This comes arsenic the country’s overseas reserves surged to $54.13 cardinal connected Friday.
Recall that the naira depreciated connected Friday to extremity the week connected a antagonistic enactment aft 4 consecutive days of appreciation.
Naira speech rate Today, September 4, 2026: Naira records archetypal depreciation against US dollar