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The naira closed at N1,381.53 per dollar in the official market on Thursday, July 16, gaining 65 kobo from the previous sessionCBN data showed interbank FX turnover surged 69% to $205.37 million, while Nigeria’s gross external reserves rose to $51.893 billionThe naira held steady at N1,405 per dollar in the parallel market, while weakening slightly against the pound and euro
Nigeria’s naira recorded a marginal gain against the United States dollar in the official foreign exchange market on Thursday, July 16, 2026, according to fresh data from the Central Bank of Nigeria (CBN).
Figures from the Nigerian Foreign Exchange Market (NFEM) showed the naira closed at N1,381.53 to the dollar, compared with Wednesday’s closing rate of N1,382.18.
Improved dollar liquidity helped the naira appreciate at the official markeT Photo: BloombergSource: Getty Images
The improvement, amounting to 65 kobo or 0.04%, was supported by better liquidity conditions that helped the market absorb elevated dollar
