English>

Market News

Naira ends July weaker, closes at N1,368.22/$ - PUNCH

AUGUST 01, 2026

The naira closed July on a weaker note at the official foreign exchange market, extending its week-long depreciation to settle at N1,368.22 per dollar on Friday.


Data from the Central Bank of Nigeria showed that the local currency depreciated by N1.50, or 0.1 per cent, from N1,366.72 per dollar recorded on Thursday.

The currency opened the week on Monday at N1,362.20 per dollar, reflecting an 11-kobo depreciation from the previous trading session.

It weakened further to N1,365.53 per dollar on Tuesday before closing at N1,366.71 per dollar on Wednesday.


SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics