The Naira continued its upward trend against the US dollar at the official forex market, starting the week on a positive note.
Data from the Central Bank of Nigeria showed that the Naira appreciated on Monday to ₦1,429.31 per dollar, up from ₦1,430.85 recorded on Friday, January 2, 2026. This reflects a gain of ₦1.56 against the dollar compared to last week.
In contrast, the black market saw the Naira weaken slightly, dropping by ₦5 to ₦1,480 per dollar on Monday from ₦1,475 on Friday.
The gains coincide with a rise in Nigeria’s external reserves, which reached $45.57 billion as of last Friday.