Naira Gains Marginally at Official Market as Forex Reserves Hit $50.12 Billion

By —

The Nigerian naira appreciated against the dollar at the official foreign exchange market on Monday, June 8, 2026, starting the week on a positive note.

Data from the Central Bank of Nigeria showed the naira strengthened to N1,362.84 per dollar on Monday, up from N1,362.21 recorded last Friday. This represents a marginal gain of 64 kobo day-on-day.

At the parallel market, the naira remained flat at N1,395 per dollar, unchanged from the close of last week.

The development comes as Nigeria’s foreign reserves surged further to $50.12 billion as of Friday, June 5, 2026, according to central bank data.

Recall that on Thursday and Friday of last week, the naira had depreciated against the dollar at the official market before this recovery.

Forex News

SEC admits 7 more crypto firms into regulatory sandbox, total now 9
ABOKI FOREX
Petrol Price War: Marketers Slash PMS Costs by Up to N43 as Dangote Refinery Cuts Again
ABOKI FOREX
Why petrol landing cost is falling below Dangote refinery price
ABOKI FOREX
Beta Glass Plc Posts ₦37.5bn Revenue, Elects New Board at 52nd AGM
ABOKI FOREX
Why petrol is still above N1,000: Dangote, importers battle for market control
ABOKI FOREX
Cooking gas prices drop by over N1,000 per kg as depots cut rates
ABOKI FOREX
Naira Mixed Against US Dollar: Gains in Official Market, Falls in Black Market
ABOKI FOREX
NNPC Slashes Petrol Pump Prices Again, Lagos Drops to N1,170 and Abuja to N1,210
ABOKI FOREX
Dangote Cement chairman blames energy costs, forex for high cement prices
ABOKI FOREX
Sycamore assures customers after CBN revokes acquired microfinance bank licence
ABOKI FOREX