Exchange Rate Today, September 2, 2026: Naira extends appreciation as foreign reserves hit $53.90bn
The naira extended its appreciation against the dollar at the official foreign exchange market on Wednesday as Nigeria’s foreign reserves rose to $53.90 billion. Data from the Central Bank of Nigeria, CBN, showed that the naira strengthened further on September 2, 2026, to N1,326.69 per dollar, compared with N1,329.43 traded the previous day. This means […] Exchange Rate Today, September 2, 2026:…
On September 2, 2026, Nigeria's official foreign exchange market witnessed the naira extending its appreciation against the dollar. According to data from the Central Bank of Nigeria, the naira strengthened to N1,326.69 per dollar, marking a gain of N2.74 compared to the previous day's rate of N1,329.43. This day-to-day appreciation signifies a positive trend for the naira.
However, the parallel market, which operates outside official channels, kept the naira's rate unchanged at N1,400 per dollar, mirroring the previous day's rate. The mixed sentiment in the forex markets stems from the country's foreign reserves, which have continued to rise to $53.90 billion as of September 1, 2026. Previously, on Tuesday, the naira had appreciated against the dollar at the start of the month, signaling optimism.
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.
