NGOn August 31, 2026, the Nigerian naira opened the new trading week around the ₦1,300-per-dollar range. The official Nigerian Foreign Exchange Market (NFEM) rate closed at ₦1,337.29 per dollar on August 28, based on data from the Central Bank of Nigeria (CBN). This represents a slight appreciation of approximately 0.96% compared to the previous week's rate of ₦1,349.99 per dollar. In the parallel market, the dollar was quoted at around ₦1,400, creating a gap of roughly ₦63 with the official rate. The parallel-market rate decreased slightly from ₦1,407 on the previous day. Additionally, the foreign exchange liquidity remained strong, with NFEM turnover reaching $1.06 billion in one trading session last week. As of Monday, the official NFEM rate stands at ₦1,337 per dollar, while the parallel-market rate remains at ₦1,400 per dollar.
Bias read (Center): The article provides factual information about the exchange rate between the Nigerian naira and the US dollar, including both the official and parallel market rates. There is no indication of political bias, as the content focuses solely on economic data and does not involve political figures, stanc
