The Naira opened the week with notable gains against the United States dollar at the official foreign exchange market, marking a positive start ahead of the Yuletide season.
Data from the Central Bank of Nigeria (CBN) showed that the local currency strengthened to N1,456.56 per dollar on Monday, up from N1,464.49 recorded on Friday, December 19, 2025.
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This represents a gain of N7.93 for the Naira compared to last week’s closing rate and is the first increase at the official FX market since December 15.
In contrast, the Naira remained unchanged at N1,500 per dollar in the parallel market, according to Bureau De Change operators in Wuse Zone 4, Abuja.
The gain comes as Nigeria’s external reserves were reported at $44.66 billion as of last week Friday, providing support for the currency amid holiday-season demand.
