The naira depreciated against the United States dollar at the official foreign exchange market to begin the week on a negative note. The Central Bank of Nigeria data showed that the naira weakened to N1,346.98 per dollar on Monday, from N1,346.43 exchanged on Friday last week. This means that the naira depreciated by N0.55 against […] Dollar to Naira exchange rate today, August 24, 2026: Naira…
The naira experienced a depreciation against the US dollar on August 24, 2026, with the Central Bank of Nigeria reporting that the exchange rate increased from N1,346.43 to N1,346.98 per dollar. This marks a N0.55 depreciation compared to the previous Friday's rate. At the black market, the naira gained N5, trading at N1,410 per dollar, up from N1,415 last week. Despite this, the country's foreign exchange reserves continued to rise, reaching $52.83 billion as of August 21, 2026.
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Sterling holds just above 1.3600 into the North American afternoon, marginally lower on the day and inside a range of barely 35 pips, having printed a five-month high short of 1.3700 late last week.
SoftBank Group announced on August 24 that it will issue 1 trillion yen in unsecured corporate bonds for individual investors, in what is set to be its largest such offering. (News On Japan)
