Naira records gains on $1.98bn weekly FX turnover

The naira strengthened against the dollar this week, buoyed by a weekly foreign exchange turnover of $1.98 billion. This improvement reflects positive trends in Nigeria's FX market.

The Briefing Africa

May 9, 2026 · 07:06 · 5 min read

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The naira strengthened against the dollar this week, buoyed by a weekly foreign exchange turnover of $1.98 billion. This improvement reflects positive trends in Nigeria's FX market.

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Naira records gains on $1.98bn weekly FX turnover

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The recent gains of the naira indicate a favorable shift in the foreign exchange market, potentially enhancing investor confidence and economic stability in Nigeria.

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Naira records gains on $1.98bn weekly FX turnover