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The naira closed at N1,364.83/$1 on Monday, August 4, gaining N3.39 against the US dollar at the official marketTotal dollar turnover at the official market jumped more than 132%, climbing from $58.99 million to $137.05 million in a single sessionA Lagos-based FX trader linked the naira’s performance to CBN interventions, stronger crude oil output, and improved dollar inflows
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian naira opened the new week with gains against the US dollar at the official foreign exchange market on Monday, August 4, 2026, as a sharp rise in trading activity pointed to improved dollar supply.
Figures from the Nigerian Foreign Exchange Market (NAFEM) showed the naira closed at N1,364.83 to the dollar, up from N1,368.22 recorded at the end of Friday’s session, a gain of N3.39 or 0.25%.
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