The naira started the week on a firmer footing versus the US dollar in Nigeria’s official foreign-exchange window, according to central bank figures released on Monday.
Data from the Central Bank of Nigeria showed the currency strengthened to N1,369.11 per dollar, down from N1,370.46 that was quoted on Friday of the previous week. In other words, the naira posted a modest improvement compared with the rate at which it had been exchanged over the weekend.
In the parallel or “black” market, however, the naira held steady at N1,400 per dollar, unchanged from the level seen over the prior week.
Supportive macro data also pointed to a further build in external buffers. Nigeria’s foreign reserves rose to $51.06 billion, as reflected in central bank information dated June 19, 2026.
The move comes after the local currency weakened during most of last week, with the naira only managing to hold steady on Monday before slipping in subsequent sessions.
