The naira weakened against the US dollar at the official Nigerian Foreign Exchange Market (NAFEM) window, closing at ₦1,334.00/$1 on 9 September 2026, according to data from the Central Bank of Nigeria (CBN). This represented a depreciation of ₦11.10, or 0.83%, from the previous day’s close of ₦1,322.90/$1 on 8 September.
In the parallel market, the naira strengthened modestly. Bureau de Change operators quoted the dollar at ₦1,375.00/$1 on 10 September, an improvement of ₦5.00 (0.36%) from ₦1,380.00/$1 the previous day.
Other major currencies held steady or showed limited movement in the parallel market. The British pound traded unchanged at ₦1,854.00/£1, while the euro also remained flat at ₦1,593.00/€1. The Canadian dollar saw the naira gain slightly to ₦991.00/C$1 from ₦994.00/C$1, a 0.30% improvement (₦3.00).
Nigeria’s external reserves continued their upward trajectory, rising to $54.283 billion as of 8 September from $54.209 billion on 7 September, a gain of 0.14%, according to CBN figures.
The official–parallel market spread for the dollar stood at approximately ₦41, reflecting ongoing differences between the formal and informal segments of the foreign exchange market.
