August 24, 2026
The Nigerian naira opened the new week relatively stable against the United States dollar, with the official foreign exchange market and parallel market maintaining a relatively narrow gap.
As of Monday, August 24, 2026, the most recent official Nigerian Foreign Exchange Market (NFEM) data available from the Central Bank of Nigeria (CBN) put the naira at N1,346.49 per dollar on Friday, August 21. The dollar closed at N1,346.90, while the NFEM rate was derived from the volume-weighted average of transactions in the official market.
The official market figure represented an improvement from the previous day’s NFEM rate of N1,347.63, meaning the naira gained N1.14 against the dollar on a day-to-day basis. On a week-on-week basis, the currency strengthened by N11.12.
The CBN’s published figures also showed that the dollar traded between N1,342 and N1,348 during Friday’s session before settling at N1,346.90.
