The Naira appreciated against the dollar at the official and parallel foreign markets on Monday to begin the week on a positive note.
The Central Bank of Nigeria’s data showed that the Naira strengthened on Monday to N1,374.91 per dollar, up from N1,375.46 traded last week Friday.
This means that the Nigerian currency grew slightly by N0.53 percent when compared to N1,375.46 exchanged at the last week.
Similarly, at the black market, the Naira rose by N5 to N1,395 per dollar in the period under review.
Meanwhile, the country’s foreign reserves remained at $48.98 billion as of May 22nd, 2026, according to the apex bank data.
Recall that the Naira dropped against the dollar on Friday last week to end the week on a negative note.