Nigeria's currency bounced back on Monday at the official foreign exchange market. The rebound came after four consecutive days of weakness.
According to Central Bank data, the Naira traded at N1,369.11 per dollar on Monday. That's an improvement from Friday's N1,370.46 rate.
The gain, though modest, signals renewed strength for the local unit. It marks the first positive movement after the recent decline.
On the parallel market, activity remained flat at N1,400 per dollar. Traders didn't adjust rates from the previous week's closing.
Nigeria's foreign exchange reserves climbed to $51.06 billion as of June 19th, 2026. The Central Bank confirmed the figure in its latest report.
Last week had been brutal for the Naira across most trading days. Monday's recovery offered some relief to currency watchers and importers.
