Naira appreciates by N8.21 against dollar in first week of September

By —

The naira gained N8.21 against the United States dollar in the official foreign exchange market in the first week of September 2026. Data from the Central Bank of Nigeria shows the local currency closed at N1,321.22 per dollar on Friday, September 4, 2026, compared with N1,329.43 at the start of the month.

Official market gain

In the first four trading days of September 2026, the naira appreciated by N8.21 against the dollar in the official foreign exchange market. The gain reflects the latest movement in the official window during the week.

Black market stays flat

At the black market, the naira remained unchanged at N1,400 per dollar during the period under review. Multiple Bureau de Change operators in Wuse Zone 4, Abuja, confirmed the flat rate.

Reserves rise

The naira's gain came as Nigeria's foreign exchange reserves rose to $54.08 billion on September 3, 2026, up from $53.81 billion the previous month. The increase in reserves adds to the backdrop of the naira's recent movement in the official market.

Forex News

Naira appreciates by N8.21 against dollar in first week of September
ABOKI FOREX
External reserves hit $54.08bn, highest since 2008, as naira gains support
ABOKI FOREX
Remittances Surge Towards $1bn Monthly Target, Raising Hopes for Naira Stability
ABOKI FOREX
Dutch central bank shifts 86 tonnes of gold to London over geopolitical unrest
ABOKI FOREX
Trump calls Canada-US exchange rate 'unacceptable' as tariff war escalates
ABOKI FOREX
Dangote refinery gets SEC approval for N525 per share IPO
ABOKI FOREX
Naira heads for strongest run since 2018 as reserves hit $53.99bn
ABOKI FOREX
Global Bond Yields Surge, Triggering Higher Fixed Mortgage Rates in Canada
ABOKI FOREX
Naira appreciates to N1,315/$ at official market, strongest since EFEMS introduction
ABOKI FOREX
Nigeria's External Reserves Hit $54bn, Highest in 18 Years
ABOKI FOREX