The naira strengthened versus the US dollar at Nigeria’s official foreign exchange window on Monday, extending a rebound that helped the currency start the week on a firmer footing. Central Bank of Nigeria figures showed the local unit finished the day at N1,356.27 per dollar, compared with N1,363.83 quoted on Friday of last week. That represents a gain of N7.56 against the dollar at the official market.
In contrast, the parallel (black) market price of the naira held steady at N1,395 per dollar, unchanged from the level at which the currency was exchanged during the prior week. The update also arrived alongside a rise in the country’s external buffers: Nigeria’s foreign reserves increased to $50.51 billion as of June 11, 2026.
The improvement follows a stretch of weakness at the official window, where the naira had depreciated against the dollar on Thursday and Friday, ending that period on a negative tone.
