The Nigerian naira experienced a notable gain against the United States dollar in official trading to start the current week. According to figures released by the Central Bank of Nigeria, the currency climbed to a rate of N1,360.14 per dollar on Monday, improving upon the N1,365.69 rate observed at the close of the previous week.
This shift represents a value increase of N5.55 for the naira within official channels. In contrast, activity in the parallel market remained stagnant, with the currency holding steady at N1,430 per dollar, matching its Friday closing position.
Official reports from August 7, 2026, indicate that Nigeria maintains a foreign reserve balance of $52.06 billion. These results follow a previous period of volatility where the naira saw a decline across major exchange venues by the end of last week.
