Naira appreciates to N1,357.65/$ at official market, black market at N1,425 on Aug 13
On Thursday, August 13, 2026, the naira firmed to N1,357.65 against the dollar at the official foreign exchange market, up from N1,360.58 on Wednesday—a day‑to‑day gain of N2.93. At the black market, the naira traded at N1,425 per dollar, up from N1,430 the previous day, a gain of N5. The Central Bank of Nigeria reported that foreign reserves rose further to $52.19 billion on Wednesday.
This appreciation lowers the cost of imports, benefits travelers and businesses needing foreign currency, and reflects growing confidence in the naira’s stability. However, exporters may face reduced naira earnings from dollar sales, and importers should watch for potential volatility if the trend reverses.
If you need to buy dollars for school fees, travel, or business, consider whether to lock in today’s rate or wait for further movement. Exporters might explore hedging tools to protect revenue. Will you adjust your foreign‑exchange plans now or monitor the market for a better entry point?