The naira strengthened against the US dollar at Nigeria’s official foreign-exchange window on the first trading day of September 2026, while the currency held steady in the parallel market.
Currency and reserves
- On Tuesday, the naira traded at N1,329.43 per dollar in the official market, improving from Monday’s N1,332.94 level. The move represented a N3.51 daily gain for the Nigerian currency.
- In the black market, the exchange rate was unchanged at N1,400 to the dollar, matching Monday’s quotation.
- The official-market advance came as Nigeria’s foreign-exchange reserves climbed to $53.81 billion at the end of August 2026.
- The naira had already posted an official-market gain on Monday, giving the week an initially stronger start.
