Tuesday, August 4, 2026

Naira recovers from slip, gains N3.38 at official market

The naira on Monday opened the month of August on a positive note at the official market, trading at N1,364.83 to a dollar.

• August 4, 2026
Redesign naira notes
New naira notes

The naira on Monday opened the month of August on a positive note at the official market, trading at N1,364.83 to a dollar.

Data from the official Website of the Central Bank of Nigeria (CBN) revealed that the Naira gained N3.38.

This represented a 0.2 per cent gain when compared to Friday, when it traded at N1,368.22 per dollar.

The naira, which experienced weeklong depreciation the previous week, made its first recovery on Monday.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Nigerians using their phones

NationWide

Nigeria’s Most Searched Word Definitions By State (FULL LIST): Kano, ‘nonchalant’; Lagos, Rivers, ‘spiritual’; Abia, ‘dream’; Anambra, Delta, Edo, Enugu, Kaduna, ‘love’

In Kano, Lagos, Abia, Anambra, and Kaduna, Nigerians are typing “fast and furious” searching for the definition of words that have caught the imagination of the world.

Jason Arday

Education

Cambridge’s Black professor  Jason Arday battles plagiarism claims

The claims first surfaced in 2024 when Nathan Cofnas said there would be “close to zero” Black professors in Harvard if appointments were based on merit.

Redesign naira notes

Economy

Naira recovers from slip, gains N3.38 at official market

The naira on Monday opened the month of August on a positive note at the official market, trading at N1,364.83 to a dollar.

Tinubu assures Catholic leaders

Faith

Nigerian Catholics back Onaiyekan, slam presidency over Tinubu’s desperate re-election row

“We stand in solidarity with His Eminence Cardinal John Onaiyekan and the CBCN,” said Nigerian Catholics in defiance of President Bola Tinubu.

So-Safe corps operatives

States

So-Safe corps nabs Ogun man for armed robbery

The Ogun State Community, Social Orientation and Safety Corps arrested a 25-year-old suspected armed robber, Babatunde Ayinla, during a midnight patrol in Itele.

Health

Gang processing, selling meat of cow carcasses nabbed in Maiduguri: Police

The police command in Borno has arrested five suspects in connection with the alleged processing and selling of meat from cow carcasses in Maiduguri.