Naira Gains Against Major Currencies on September 2, 2026

On September 2, 2026, the Nigerian naira appreciated against the US dollar, British pound, and euro in the official foreign exchange market. The naira closed at N1,326.69 per dollar, up by N2.74 or 0.21% from the previous session's N1,329.43.

Against the pound, it settled at N1,791.16, down from N1,800.18, and against the euro, it fell to N1,538.43, a decrease of N3.58. At GTBank's forex counter, the naira improved by N5 against the dollar to close at N1,338, while remaining flat at N1,375 in the parallel market.

Analysts forecast that the naira could record its strongest annual performance in nearly a decade, with an 8% gain this year and a potential end-of-year rate of N1,290 per dollar, indicating a full-year appreciation of close to 12%. Key factors for this recovery include increased oil revenues, remittance inflows, and heightened foreign investor interest, contributing to Nigeria's external reserves reaching $53.9 billion, the highest in 18 years.