The Naira strengthened against the United States dollar on Monday, closing at N1,356/$ at the official market.

The Naira strengthened against the United States dollar on Monday, closing at N1,356/$ at the official market.

Data from the Central Bank of Nigeria’s (CBN) website shows that the currency appreciated from N1,365.4/$ recorded on Friday to N1,356/$ on Monday.

The latest appreciation marks the naira’s best closing rate since April 23, 2026, when it settled at N1,355/$.

The strengthening also comes amidst the steady rise in foreign reserves in recent weeks.