The naira appreciated by 1.9 per cent against the United States dollar in September 2026, as the average exchange rate declined to N1,328.28 per dollar from N1,353.41 recorded in August. The improvement reflects continued stability in Nigeria’s official foreign exchange market, supported by increased foreign capital inflows, higher crude oil prices and rising external reserves. Data published by the Central Bank of Nigeria (CBN) showed that the naira’s average exchange rate strengthened by approximately N25.13 during the month, representing a 1.9 per cent appreciation. The local currency also recorded gains in the...