Naira strengthens, gains N8/$ at official FX market

…Black market (Buying and selling rates): N1,410— N1,420

The Nigerian naira appreciated against the United States (US) dollar, trading at N1,349.5372 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window on Monday, August 17, 2026.

The data shared on the CBN’s official platform shows that the naira traded at the Nigerian Foreign Exchange Market (NFEM) rate of N1,349.5372 per dollar and closed at N1,350 per dollar.

The currency, which traded at an NFEM rate of N1,357.6088 on Friday, August 17, 2026, appreciated by at least N8.07 after trading activities on Monday.

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At the parallel market, the buying rate decreased by N5 while the selling rate decreased by N7 when compared to the previous trading rate on Friday, August 14, 2026.

According to Aboki FX, the Naira-to-dollar exchange rate at the black market on Monday, August 17, 2026, was N1,405 and  N1,413 per dollar for buying and selling rates, respectively.