The Naira appreciated against the dollar at the official foreign exchange market on Thursday.

The Central Bank of Nigeria’s data showed that the Naira slightly strengthened to

 

 

N1,378.43 against the dollar on Thursday, up from N1,379.07 exchanged on Wednesday.

 

This means that on a day-to-day basis, the Nigerian currency firmed up by N0.64.

 

 

Meanwhile, at the black market, the Naira remained flat at N1430 per dollar on Thursday, the same rate traded the previous day, according to a Bureau de Change operator in Wuse Zone 4, Abuja, Abubakar Bengazzi.

 

The development comes amid the continued surge in the country’s foreign reserves to $51.71 billion on July 8, 2026.

 

Recall that the naira extended depreciation against the dollar at the official foreign exchange market on Wednesday.