Naira gains N11 against US dollar week-on-week
The naira recorded an N11.12 gain against the United States dollar on a week-on-week basis at the official foreign exchange market. Data from the Central Bank of Nigeria, CBN, showed that the naira strengthened further against the dollar on Friday, trading at N1,346.49, compared with N1,347.63 recorded on Thursday. The latest movement represents a marginal […] Naira gains N11 against US dollar…
The Nigerian naira experienced a week-on-week gain of N11.12 against the US dollar, according to data from the Central Bank of Nigeria. The official foreign exchange market reported that the naira strengthened to N1,346.49 per dollar on Friday, up from N1,347.63 on Thursday. This marginal N1.14 increase represents the naira's marginal improvement against the dollar on a day-to-day basis.
Meanwhile, the black market rate remained stable at N1,405 per dollar, unchanged from the previous day. As of August 19, 2026, Nigeria's foreign exchange reserves stood at $52.66 billion.
Brief written by urgent.news from Daily Post Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
