The naira closed the week on a positive note at the official market on Friday, August 21, 2026, trading at N1,346.49 to the United States dollar.
Data released by the Central Bank of Nigeria (CBN) revealed that the naira gained N1.13, representing a 0.08 per cent gain when compared to Thursday, when the currency traded at N1,347.62 per dollar.
The naira, which remained relatively stable due to ongoing CBN reforms, experienced only a day of depreciation within the week.
FG targets 80% electricity access, lower power losses in five years
On Monday, it opened the trading week with appreciation when it traded at 1,349.53 to a dollar. On Tuesday, the local currency further appreciated before recording minimal loss of 0.5 per cent on Wednesday.
However, the currency recovered on Thursday with a gain of N2.79 before closing the week with further gain on Friday.
- Otti lifts employment ban in Abia civil service, recruits 19 graduates - August 22, 2026
- Gunmen kill 2 Amotekun officers in Akure ambush - August 22, 2026
- Stock market closes week bearish as investors lose N444bn - August 22, 2026
