{
  "id": 900648,
  "title": "Naira rebounds to N1,358.25/$ as reserves climb above $52 billion",
  "url": "https://urgent.news/2026/08/14/naira-rebounds-to-n1-358-25-as-reserves-climb-above-52-billion",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-14T18:48:56.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/08/14/naira-rebounds-to-n1358-25-as-reserves-climb-above-52-billion/"
  },
  "original_language": "en",
  "account": "The Nigerian naira strengthened to N1,358.25 against the US dollar at the end of the week, according to Central Bank of Nigeria (CBN) data. This represents a 0.42% increase from the previous week's rate of N1,364/$. The naira also appreciated by N2.75, or 0.20%, compared to the opening rate of N1,361.50/$ on Monday. The recovery followed a week where the currency initially weakened, falling to N1,365/$ on Tuesday before regaining strength over the final three trading sessions. This movement occurred amidst fluctuations in foreign exchange market activity and a rise in Nigeria's external reserves. Despite midweek weakness, the naira ended the week stronger, with a total interbank turnover of $119.59 million on Friday. The recovery came as foreign exchange turnover fell sharply at the start of the week but recovered in subsequent sessions. Nigeria's external reserves climbed to $52.26 billion, up from $52.06 billion the previous week, providing additional support to the country's foreign exchange position.",
  "summary": "The naira strengthened by N5.75 against the US dollar over the week, closing at N1,358.25/$ at the Nigerian Foreign Exchange Market (NFEM) on Friday, according to Central Bank of Nigeria (CBN) data. The post Naira rebounds to N1,358.25/$ as reserves climb above $52 billion appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}