The Nigerian naira extended its decline against the US dollar in official trading for a third consecutive session, closing the week weaker at N1,365.69 per dollar on Friday.
Key takeaways
- The official exchange rate moved down by N0.81 from Thursday’s N1,364.88 level.
- The parallel-market rate held steady at N1,430 to the dollar.
- Nigeria’s external reserves rose to $52.03 billion on August 6, 2026.
- Over the week, the naira lost N2.53 in the official market and N5 in parallel trading.
Official and parallel-market rates
Data from the Central Bank of Nigeria showed that the currency weakened to N1,365.69 per dollar on Friday, compared with N1,364.88 the previous day. The latest move represented a one-day loss of 81 kobo against the US currency.
Trading outside the official market produced a different result. The naira remained at N1,430 per dollar in the parallel market on Friday, matching Thursday’s quoted rate.
Reserves and weekly performance
Nigeria’s external reserves increased to $52.03 billion on Thursday, August 6, 2026. The reserves improvement came as the naira’s weekly performance was marked by more losses than gains across the two main foreign-exchange segments.
For the week under review, the naira declined by N2.53 against the dollar in official trading. Its parallel-market value fell by a further N5 over the same period.
