Naira Holds Firm as Dollar Trades at ₦1,346.49 Officially, ₦1,405 Parallel Market

The naira maintained relative stability against the United States dollar on Monday, August 24, 2026, with the latest confirmed official rate standing at ₦1,346.49 per dollar and the parallel-market rate around ₦1,405.

The Central Bank of Nigeria had yet to publish the official NFEM rate for Monday at the time of reporting, making Friday’s figure the latest confirmed official rate.

According to the latest CBN data, the Nigerian Foreign Exchange Market, NFEM, rate stood at ₦1,346.49 per dollar on Friday, while the dollar closed the trading session at ₦1,346.90.

The latest official rate represented a ₦1.14 improvement for the naira compared with Thursday’s ₦1,347.63.

On a week-on-week basis, the naira gained ₦11.12 against the dollar.

During Friday’s trading session, the dollar moved between ₦1,342 and ₦1,348 before closing at ₦1,346.90.

In the parallel market, the dollar was selling for approximately ₦1,405 on Friday, according to AbokiFX data. The rate remained unchanged from the previous day.

Based on the official closing rate of ₦1,346.90, the difference between the official and parallel-market selling rates was approximately ₦58.10 per dollar.

A separate live foreign exchange benchmark quoted the dollar at around ₦1,348.88 against the naira on Monday morning, remaining relatively close to the latest official market level.

Recent improvements in foreign exchange liquidity and stronger external reserves have been identified as factors supporting the naira’s recent performance.

Data cited by AbokiFX indicated that Nigeria’s external reserves had risen to $52.66 billion as of August 19, 2026.

However, the actual exchange rate available to customers may vary depending on the bank or Bureau de Change operator, transaction size, location and prevailing market conditions.

Parallel-market rates can also change during the day and should therefore be treated as indicative.

For Monday, August 24, the latest confirmed figures were ₦1,346.49/$ at the NFEM, ₦1,346.90/$ as the official closing rate and approximately ₦1,405/$ in the parallel market.