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Naira Strengthens by N11.12 Against Dollar in Official FX Market

By Zee Dladla | 23.08.2026 | Business Last Updated On 23.08.2026

Naira Strengthens by N11.12 Against Dollar in Official FX Market

The naira gained N11.12 against the US dollar over the past week in Nigeria’s official foreign-exchange market, extending its recent improvement. Central Bank of Nigeria data showed the currency closing at N1,346.49 per dollar on Friday, compared with N1,347.63 on Thursday. That amounted to a one-day rise of N1.14, while the weekly advance reached N11.12.

In the parallel market, the naira held steady at N1,405 to the dollar on Friday, matching Thursday’s level. The latest exchange-rate movements came as Nigeria’s foreign-exchange reserves reached $52.66 billion on August 19, 2026, CBN figures showed.

Written by
Zee Dladla
Staff Writer

Zibuyile began her media journey as a sales intern at Mediamark (Kagiso Media) before moving into digital content creation for ZAlebs.com. Over four years, she helped evolve the platform from a simple blog into one of South Africa's leading independent entertainment news sites.

Following ZAlebs' transition to Celebrity Worx in 2016, Zibuyile was promoted to Executive Editor, recognized for her sharp audience insight and ability to match editorial with branded content. Highlights of her time include a Bookmark Award nomination, judging TLC's Next Great Presenter, reporting from the MTV EMAs, and building partnerships with radio stations like YFM, Cliff Central, and Good Hope FM.

Her editorial work also expanded to include fast-growing digital verticals—such as lifestyle tech, online entertainment, and gambling-related content—tailored to evolving reader interests and brand opportunities.

Published on 23.08.2026
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