Dollar to Naira exchange rate Today, August 31, 2026: Naira extends appreciation into September
The naira continued its appreciation against the dollar at the official market on Monday, ending August on a positive note as it heads into September 2026. Central Bank of Nigeria, CBN, data showed that the naira further strengthened to N1,332.94 against the dollar on Monday, up from N1,337.29 traded on Friday last week. This means that the […] Dollar to Naira exchange rate Today, August 31,…
On Monday, August 31, 2026, the Nigerian naira continued its upward trend against the US dollar, as per data released by the Central Bank of Nigeria (CBN). The official market exchange rate saw the naira strengthen to N1,332.94 per dollar, marking an increase of N4.35 from the previous Friday's rate of N1,337.29. This signifies a robust appreciation of the naira in August.
At the parallel black market, the naira remained at N1,400 per dollar, maintaining its rate from the weekend. This parallel market rate has remained stable throughout recent weeks.
The positive movement in the naira's exchange rate is further bolstered by the surge in the country's foreign reserves. As of August 28, 2026, foreign reserves reached an impressive $53.51 billion, according to CBN data. This increase in reserves has contributed significantly to the strengthening of the naira. It's worth noting that the naira had already shown an upward trend across various foreign exchange markets during the conclusion of the previous week, signalling a positive economic outlook for Nigeria.
The naira's continued appreciation into September 2026 thus appears to be a promising development for the country's economy.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
