The Nigerian naira strengthened noticeably versus the US dollar at the official foreign exchange window on Monday, giving the currency a positive start to the week. Figures from the Central Bank of Nigeria showed the naira rose to 1,365.25 per dollar on Monday, compared with 1,374.94 per dollar traded on Thursday of the previous week. In net terms, that amounts to a gain of 9.69 naira over the period in question.
In the parallel (black) market, however, the naira did not move and was unchanged at 1,395 per dollar on Monday, the same level recorded on Friday. The contrasting performance across the two segments comes alongside an update on the country’s external buffers: Nigeria’s foreign reserves were reported at 48.36 billion dollars as of April 30, 2026.
The latest official-market improvement follows a similar pattern from Thursday, when the naira also appreciated against the dollar to close out the week on a stronger note.
