Naira Exchange Rate Holds Steady Against Dollar on Sept 7

On September 7, 2026, the Nigerian currency, Naira (₦), maintained its exchange rate against the United States dollar at ₦1,321.2160/1$ as reported by the Central Bank of Nigeria (CBN). This rate was consistent with the previous day's figure.

In contrast, the parallel market (black market) saw the Naira closing at ₦1,400 to the dollar. The rates offered by commercial banks, Bureau de Change (BDC) operators, and other foreign exchange dealers may vary from the reference rates due to transaction margins and the prevailing demand and supply conditions.

Market participants are expected to closely monitor foreign exchange inflows, the demand for dollars, and CBN policies to assess whether the Naira can sustain its current exchange rate through the month.