Naira rebounds, gains N3.38 against the dollar at the official market.

The naira opened the new month on a positive note at the official foreign exchange market, appreciating to N1,364.

83 against the United States dollar on Monday, August 3, 2026.
Data released by the Central Bank of Nigeria (CBN) showed that the local currency gained N3.38 compared to Friday’s closing rate of N1,368.22 per dollar, representing a 0.2 per cent appreciation.
The latest performance marks the naira’s first recovery after experiencing a week-long depreciation in the previous trading week.
The improvement signals a positive start to the month for the local currency at the official foreign exchange market.