The naira strengthened to N1,337.28 against the United States dollar at the official foreign exchange market on Friday, August 28, 2026, thereby sustaining it’s weeklong gains.
This latest appreciation showed that the naira gained N1.29, according to the data released by the Central Bank of Nigeria (CBN)
It also represented a 0.09 percent increase from Thursday’s rate of N1,338.58 per dollar.
Notably, the naira recorded gains throughout the week, extending an appreciation trend that had persisted for a fortnight.
Following Tuesday’s Eid el-Maulud public holiday, the local currency resumed trading on Wednesday at N1,343.59 per dollar.
The currency subsequently strengthened by N5.01 on Thursday, closing at N1,338.58 per dollar.
On Monday, the naira traded at N1,346.97 per dollar before continuing its upward movement during the week.
The latest performance means the currency gained N9.69 against the dollar between Monday and Friday at the official market.
The rate on Friday therefore represented a 0.72 per cent appreciation compared with Monday’s N1,346.97 per dollar.