August 28, 2026
The Nigerian naira strengthened further against the United States dollar at the official foreign exchange market, reaching a five-month high of about ₦1,338.59 per dollar on Thursday, August 27, 2026.
The latest movement places the naira among the stronger-performing currencies in Nigeria’s foreign exchange market as improved dollar liquidity and rising external reserves continue to support the local currency.
For Friday, August 28, the latest available market data puts the dollar at around ₦1,341.66 per dollar, although the NFEM closing rate for the day will depend on trading activity and may differ from live indicative rates.
Recent official-market data had shown the naira at ₦1,343.59 per dollar on Wednesday, August 26, before strengthening further on Thursday. The improvement has been linked to sustained dollar liquidity and stronger external buffers.
