Naira Exchange Rate Trends Analysis

The Nigerian naira appreciated by N11 against the US dollar, trading at N1,315.6717 at the Central Bank of Nigeria's official foreign exchange window on September 3, 2026. The currency closed at N1,322.5000 per dollar, reflecting a positive shift in the exchange rate.

Experts forecast the Naira to reach approximately N1,290 per dollar by December 2026, with current trading at N1,328.92. Factors contributing to this resilience include improved foreign exchange liquidity and rising oil revenues.

The Naira's exchange rate against the US dollar showed slight improvement on September 4, 2026, with the official rate at ₦1,315.6717/1$ compared to ₦1,326.6862/1$ the previous day. The parallel market rate was ₦1,405 to the dollar.